I’m a bull on US Dollar based on the feds plan to raise interest rates three times in 2017 and after a positive manufacturing pmi yesterday, today sees release of non farm employment change data as well as non manufacturing pmi and crude oil inventories. The earlier will be used by the market to predict fridays nfp figures
The euro has seen some bulishness over the dollar on the back of strong service data from Germany and France
With NFP approaching it is also possible the market might lose most of its momentum but there should also be profit taking before the event


price broke daily 21 resistance and was between mm2 and mpp and i expect price to find resistance either at mpp or mm3/61.8fib and fall with support at mm2 and 1.035 phsych level


price was just above wpp and bullish and i expect a fall at resistance at wm3/78.6fib


price was just below dm4 which is bull target and i expect price to fall as a result of profit taking

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.