For the past 13 trading days September has closed very close to the range of 1.30 to 1.35 with most of the trades in the 1.30 to 1.3250 range. Once again today September tried to go lower through 1.30, but at 12:50 for five minutes someone bought over 1,200 lots and pushed the market up 300 points. Although the settlement for September was at 1.3240 unchanged from yesterday, the last tic was up 190 points.
Although the dollar was up most of yesterday, it closed lower than the previous four sessions. Today the dollar closed up. The attached report from yesterday comments about the influence of the strong dollar.