Here is my top-down analysis for Dollar Index.

After the NFP, the main focus are two structures:
intraday support and a daily resistance.

A bullish movement to 104.730 is expected if the price breaks and closes above 103.350 – 103.600

Alternatively, a bearish of Monday market 101.684 – 101.100 area and ,4h candle close below that will be a strong bearish signal.

The index will drop at least to 100.820.

Up coming main news ; CPI , GBP GDP, CORE PPI

Let’s see what will happen.

By admin

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