What a wasted session. The EURUSD traded such small range (about 25 pips) for the whole session that the price scale on the right adjusted to something I have never seen. We will discuss in the EURUSD section below. Needless to say, nothing triggered.
Here’s a look at the US Dollar Index intraday with our market directional lines:
EURUSD:
Typically, the price scale on the right of a Forex pair is every 10 pips, sometimes in a lighter session, every 5 pips. If you look at this chart, the EURUSD traded so little (20 pips shown here from high to low) that the price scale went to every 2 pips. Never seen that before in almost ten years of trading this stuff except for a Holiday:
As usual on the Sunday report, we will look at the action from Thursday night/Friday, then look at the daily charts of all the pairs with the Seeker and Comber separately for the week ahead, and then glance at the US Dollar Index. There is nothing to see other than the counts on GBPUSD and NZDUSD.
