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 $EURUSD near below 1.11 can be a good way to benefit from short term Dollar strength.
I've posted a new blog post towards NFP. Read more... link in signature
Yesterday's hawkish tone stopped the Dollar's slide and right now it is sitting on the 97$ 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 $EURUSD near below 1.11 can be a good way to benefit from short term Dollar strength.
I've posted a new blog post towards NFP. Read more... link in signature
Trade closed: target reached
Can the U.S elections drive it to 100$