Showing weakness ahead of NFP this week. Tomorrow we also have ADP figures firstly then FOMC in the evening where the market is fully pricing no change in US rates.
The DXY breakout of resistance appears to be too clean and along the lines of a fake out.
For highly correlated markets like EURUSD, we could be in for a run higher tomorrow taking out some liquidity above, assuming this DXY has topped out here.
The DXY breakout of resistance appears to be too clean and along the lines of a fake out.
For highly correlated markets like EURUSD, we could be in for a run higher tomorrow taking out some liquidity above, assuming this DXY has topped out here.
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