USDX steady, but keeping an eye on Friday's NFP for $EURUSD move
Interesting day for the $USDX, holding pretty steady around the 25.54 mark. It feels like the market is just waiting for the next big data point to make a definitive move. My watchlist is really tuned into Friday's NFP numbers; I think that's going to be the catalyst for a decent push in either direction for $EURUSD, which has been kind of range-bound lately. A strong print could finally give the dollar the juice it needs to break out, or if it comes in weaker than expected, we could see some real relief for the euro.
Not making any big calls just yet, but I'm definitely building a couple of scenarios in my head. Looking at some key levels on $EURUSD for potential entry points if we get a clear direction post-NFP. It's a bit of a waiting game, but these are the moments where patience usually pays off.
I agree, the market definitely seems to be in a holding pattern ahead of NFP. Are you looking for any specific deviation from consensus estimates to trigger your directional bias for EURUSD, or more the overall trend of the report?