US Dollar - A bearish NFP reaction to meet the bulls?
Based on our analysis on the Dollar Index, we are expecting a somewhat bearish reaction from NFP.
However, we expect the bears to meet the bulls around the 94.00 region, with a potential push to the upside, breaking the previous high at 95.50 level.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
However, we expect the bears to meet the bulls around the 94.00 region, with a potential push to the upside, breaking the previous high at 95.50 level.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.