EURUSD LONG

THE Fiber has been seeking higher prices since after sweeping out the Sellside liquidity residing below 0.96081 level. The asset has been consolidating on higher time frame but every expansion since the liquidity grab has been poised to the buyside. Going into the new week, I maintain my bullish bias on the Fiber with key important levels to watch out for this week being the BISI (BUYSIDE IMBALANCE SELLSIDE INEFFICIENCY on the weekly time frame, the Weekly order block and the Old daily highs along the way. The weekly timeframe clearly shown the S.M.S (Shift in market structure) to continue seeking higher prices. Although being bullish, it would be healthy to see Price dip back into the Weekly BISI before further expansion to the upside (anticipating the low of the week formation).

A corresponding BPR (BALANCED PRICE RANGE) can also be seen on the Weekly chart of the US dollar index chart.
We have the US Fed interest rate release and FOMC later during the week which are both very high impact news and the data will most likely confirm market sentiment for the month of February.

DISCLAIMER!!!
THIS IS NOT AN INVESTMENT OR A TRADE ADVICE.

Comment:

We saw price expand earlier this week into the SellSide imbalance buyside inefficiency SIBI around (L-1.10280, H- 1.09886) {Value of the SIBI} forming the high of the week and the sharp decline in price with fundamental releases supporting it. My Bias on the Fiber has not changed and i would love to see those highlighted levels support price upwards as would be the case in a bullish scenario.
INVALIDATION for me would be seeing price close below 1.04819.

DISCLAIMER!!!
THIS IS NOT A TRADE OR INVESTMENT ADVISE.