The USD has made a bullish break (DXY) relative late in the session. Not a move that I would expect to occur after the London Close.
At the beginning of the week, it was clear that at some point the Dollar Index would retest highs and do a possible stop run, However it's quite early in the week I believe to be positioning for NFP, and I will be looking to fade the Dollar here.
Support in the EURUSD comes in at 1.1170, where there is also an 88.8% retracement of the last leg down. I've set my long order at that level, with stops below the weekly llow.
At the beginning of the week, it was clear that at some point the Dollar Index would retest highs and do a possible stop run, However it's quite early in the week I believe to be positioning for NFP, and I will be looking to fade the Dollar here.
Support in the EURUSD comes in at 1.1170, where there is also an 88.8% retracement of the last leg down. I've set my long order at that level, with stops below the weekly llow.