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.
Traduzir para Inglês Mostrar original