DXY - Liquidity Grab To Initiate Bullish Run Long
U.S. Dollar Currency IndexICEUS
Description
⋅ What Is The Market Telling Us?
- Price is currently ranging between Previous High & Previous Low
- 1st Break in market structure towards bullish direction since March
- Price is currently making its way toward previous low for a retest
What Are Market Participants Doing?
- 70% of retail traders are shorting the dollar overall against DXY
- There is currently over 450,000K short positions on the EUR from Dealer Intermediary (COT)
- Institutional liquidity is sitting under sell stops of retail traders located below PDL