I do still believe that the bearish trend is not over as there is a high chance still that DXY can touch 107.50 followed by 108 levels.
However, even though NFP came out higher fueling interest rate hike fears , but still there is a chance that the Fed may pause rate hiking due to decline in wage growth of Average Hourly Earnings (MoM) -(YoY) - and unchanged in unemployment rate 3.8%,
As a trader I do not much rely on fundamentals more than technical aspects as we have seen completely opposite reaction to fundamental news data several times. IT’S ALWAYS BEST TO FOLLOW YOUR EDGE WITH THE RISK THAT HOW MUCH ARE YOU WILLING TO PAY FOR THE TRADE.
looking forward to buy dollar at 1.060 - 1.065
Entry - 1.060 - 1-065
However, even though NFP came out higher fueling interest rate hike fears , but still there is a chance that the Fed may pause rate hiking due to decline in wage growth of Average Hourly Earnings (MoM) -(YoY) - and unchanged in unemployment rate 3.8%,
As a trader I do not much rely on fundamentals more than technical aspects as we have seen completely opposite reaction to fundamental news data several times. IT’S ALWAYS BEST TO FOLLOW YOUR EDGE WITH THE RISK THAT HOW MUCH ARE YOU WILLING TO PAY FOR THE TRADE.
looking forward to buy dollar at 1.060 - 1.065
Entry - 1.060 - 1-065