Forex Calls Recap for 8/12/13

August 12, 2013
|In Tradesight
|By Chris

My call for the session would have been EURUSD short under S1 for S2, but there was only 22 pips between them and that’s just not the risk/reward we like to see. It would have worked, but wouldn’t have meant much. Ranges were still poor, but not as bad as Friday’s session, so Levels spacing should be better tonight and we can resume calls.
Here’s a look at the US Dollar Index intraday with our market directional lines:


EURUSD:

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Forex Calls Recap for 8/12/13

August 12, 2013
|In Tradesight
|By Chris

My call for the session would have been EURUSD short under S1 for S2, but there was only 22 pips between them and that’s just not the risk/reward we like to see. It would have worked, but wouldn’t have meant much. Ranges were still poor, but not as bad as Friday’s session, so Levels spacing should be better tonight and we can resume calls.
Here’s a look at the US Dollar Index intraday with our market directional lines:


EURUSD:

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