The news on the US-China trade deal kept weighing on the dollar yesterday. Meanwhile, traders are full of doubts regarding the ‘good shape’ of the US economy. Probably, the NFP report might dispel these doubts.
The main scenario is a growth to 1.1130.
An alternative scenario is a return to the 1.1070 area.
If bulls stay above 1.1100, they will turn attention to the 1.1130 level.
If the price overcomes 1.1100 we will neutralize our medium term positive outlook and will short to 1.1070.