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Aug 9, 2020 7:04 PM

DXY 1W | Market View Long

U.S. Dollar Currency IndexTVC

Description

- This pair is forming consolidation at a level of support with doji candlestick formation. If the price breaks out of the consolidation, we could expect the pullback to continue.
- The US economy added 1.76M jobs in July, a much better-than-expected figure. U3 unemployment rate fell from 11.1% to 10.2%, while U6 underemployment dipped from 18% to 16.5%, both better-than-expected results.
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