INTRADAY DXY -CHART -showing at leat one more attempt to confirmThe dxy technical challenge shows a possible uptrend which is can be confirmed by the data coming at 2:30- our suggestion is that the data will be positive for the US dollar since yesterday ATP no phone payroll came strong and it's going to be a strong indication.
If the data confirms our logic, we expect another 0.40% positive appreciation of the dollar against the euro.
Have to mention I'll be on at a critical into the point where the market right now is ranging, clearly showing that major players is waiting for the data, and then the price field break out.
As we get closer to the weekend I do believe more and more Market participants like the position themselves to be safe and file into the dollar if so during the weekend the government of United States will hint or impose tariffs on the European Union.