Last week extremes ( high and low ) are going to be very important for both sides.
Mid term elections in US on Tuesday and FOMC on Thursday ( no change but statemnt as key ) could give Us
few hints about dollar near term future ( where we are going to be at the end of the year ).
Bulls: "thank you NFP" , bulls used better number as excuse to avoid damage on weekly chart but that might not be enough.
To gain momentum we need to go through and close above last week high which will open they way towards 98,60/99,80
Bears: may try to " play the stop hunt game " based on last week high ( as stop zone area where we saw rejecton ). So possible supply around 97 zone to try to build swing high, confirmation on a weekly close below last week low.
Mid term elections in US on Tuesday and FOMC on Thursday ( no change but statemnt as key ) could give Us
few hints about dollar near term future ( where we are going to be at the end of the year ).
Bulls: "thank you NFP" , bulls used better number as excuse to avoid damage on weekly chart but that might not be enough.
To gain momentum we need to go through and close above last week high which will open they way towards 98,60/99,80
Bears: may try to " play the stop hunt game " based on last week high ( as stop zone area where we saw rejecton ). So possible supply around 97 zone to try to build swing high, confirmation on a weekly close below last week low.