US Dollar to take out recent highs on the hourly chart
The short-term daily bias for the USD is now bullish. The daily chart shows a possible "buy program" - as defined by TheInnerCircleTrader.
On the hourly, a retracement into the 61-78% fib zone of the recent impulsive up move (post NFP #) will likely get bought. Baseline scenario is that the USD takes out the stops above the recent highs on the hourly chart
On the hourly, a retracement into the 61-78% fib zone of the recent impulsive up move (post NFP #) will likely get bought. Baseline scenario is that the USD takes out the stops above the recent highs on the hourly chart