The major psychological level in the U.S. Dollar Index is back in play. The early morning (pre-NFP) strength gave way to afternoon weakness as 79.00 is holding as near-term support. The Dow’s rally through 12,850 put the index near the highs of the range as the Dow closes near the highs of the session. With more than a just a little expectation for a possible sell-off after the strong open, the Dow held onto gains and - for forex traders - pointed to the risk ON environment that would eventually erode the dollar’s morning bullishness. The dollar’s strength was exactly what the GBP/USD 240-minute swing trade needed ... (full story)