Trade77; Where Are The USD Bulls? 7am

Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.

Dollar index tested 76.87 this week after launching off its important 81.00 level a month ago. Bearish trend was really strong and despite of some better-than-expected news releases bears strength remained intact.
Price almost reached the weekly trendline and previous low at the 77.00-76.00 support zone.

And in the daily chart we have got a strong bullish engulfing after a doji candle:

Sentiment of the market participants is going to change as price action told us yesterday, so the next confirmation would be today’s NFP and watch carefully how price will act after this news release. USD bulls can run the market from now on and trading USD strength would be the best choice for us in the next week.

Make sure that you are following me on twitter so you can be informed of any trade calls for this pair and if you found this post useful let your followers to read it too, so please retweet this article with the button above of the article.

Kindest Regards

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