DXY Make or Break

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Last week saw the breaking of the key resistance for the U.S. Dollar (DXY) of 97.68 to hit our upside target of 98.22 published back in March before being rejected. This was important to all the wins we bagged last week and will also be taken into consideration for the trades coming up this week. We're bearish short term for the week ahead, as there are many fundamental data releases due so it will be not only an interesting week but it should be pretty fun one; win or loose. The FOMC meeting on Weds. will be the star event of the week, and will move the Dollar index significantly. My guess, is that the dollar will melt to the downside back into the DXYs range, as posted on my TradingView last week. This FOMC meeting will simply be the catalyst to confirm the technicals that are ever so obvious to us here at Alchemy FX. We could see our USD/CHF target hit in a single candle.

Mon: Euro consumer confidence (arithmetic average of the economic situation expected over the next 12 months combined with YTD unemployment expectations, and personal income/savings expectations.

Tues: Canadian GDP, NZD unemployment, Euro-zone unemployment rate

Weds: U.S. FOMC meeting, FEDS target rate (volatility for DXY & EXY)

Thurs: U.K., BoE interest rate, Gov. Carney speaks (30 mins later)

Fri: U.S. Non-farm Payroll & unemployment rate(We will be staying out of the market this day without a doubt and at-least have SLs moved to breakeven)