The dollar index continues to seek lower prices and remains bearish with the Monthly BISI looking to be the next draw in liquidity after purging sellside liquidity.
The previous week saw a break of market structure to the downside below 102.944 leaving a clean SIBI that we are seeing a sharp reaction from. Going into Newyork session, Price already broke structure below 101.937 and its healthy to see price pull back into the range of London before continuing to seek sellside liquidity but we remain Bearish till we are not.
Bear in mind there's fundamental releases scheduled on PPI and Core retail sales in 15 mins.
DISCLAIMER
THIS IS NOT A TRADE OR INVESTMENT ADVISE.
The previous week saw a break of market structure to the downside below 102.944 leaving a clean SIBI that we are seeing a sharp reaction from. Going into Newyork session, Price already broke structure below 101.937 and its healthy to see price pull back into the range of London before continuing to seek sellside liquidity but we remain Bearish till we are not.
Bear in mind there's fundamental releases scheduled on PPI and Core retail sales in 15 mins.
DISCLAIMER
THIS IS NOT A TRADE OR INVESTMENT ADVISE.