themarketzone
Long

Dollar tests support before NFP

TVC:DXY   U.S. Dollar Index
The Dollar Index             started an early pullback this week before the FOMC meeting.
Yesterday's hawkish tone stopped the Dollar's slide and right now it is sitting on the 97$ support zone .
Good NFP numbers can drive the Dollar back up towards its Fast MA line and perhaps even towards the completion of the bearish Bat pattern near 99.5$
If that will be the case, shorting the $EURUSD near below 1.11 can be a good way to benefit from short term Dollar strength.

I've posted a new blog post towards NFP. Read more... link in signature
Comment: Dollar bounces from support. Reaching first target.
Can the U.S elections drive it to 100$
Trade closed: target reached
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