An unusual night in that I couldn’t really find a play for weakness in the US Dollar that I liked. I had a couple of thoughts, but neither really struck me enough to post in the end. And, in the end, it didn’t matter because not only was there no movement in that direction, but the pairs traded their smallest range in a while, with the EURUSD at 60 pips total. So, we move on. All of the charts are below, and we did stop out of the second half of the GBPUSD long from the prior session in the money.
Here’s a look at the US Dollar Index intraday with our market directional lines:
