DXY has held at critical support and looks to have reacted bullishly to it.
We need to see the brake of the trendline or the support before we can put any trades USD pairs.
Momentum indicators and oscillators all point to a bullish move but we need some confirmation before we can expect any good entry's.
Fundamentals were pretty mixed yesterday for both the USD and the EUR.
One major report was released "Retail Sales MoM" which came in positive for the USD which may be why we saw the support hold.
There wasn't too much more data to mention as of yesterday however we do have a bit of data coming out of the USD and EUR today.
We will see where price continues to today but it doesn't look likely that i will be getting into anything today.
We need to see the brake of the trendline or the support before we can put any trades USD pairs.
Momentum indicators and oscillators all point to a bullish move but we need some confirmation before we can expect any good entry's.
Fundamentals were pretty mixed yesterday for both the USD and the EUR.
One major report was released "Retail Sales MoM" which came in positive for the USD which may be why we saw the support hold.
There wasn't too much more data to mention as of yesterday however we do have a bit of data coming out of the USD and EUR today.
We will see where price continues to today but it doesn't look likely that i will be getting into anything today.