A great two days for Forex trading, a great 2 days for the stock market as volume finally came back, but a poor day for the US Dollar itself.
We carried forward the second half of the trade from the prior day, which never stopped and continued with the new trade. The trade from the prior session closed out 190 pips in the money, and the trade from today worked nicely for about 150 pips. See EURUSD section below.
As usual on the Sunday report, we will take a look at the action from Thursday night/Friday, then look at the daily charts heading into the new week, and then discuss the US Dollar Index.
Here’s a look at the US Dollar Index intraday with our market directional lines:
New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover.
We came into the session still long the second half of the prior day’s trade with a stop under LBreak, which never hit overnight. New trade call triggered long at A, hit first target at B, adjusted stop in the morning, and closed out both trades at C for end of week (+150 pips and +190 pips, respectively, to final exits):