WHAT CHANCES DOES DOLLAR INDEX HAVE FOR BEARISHNESS?
Price takes out the long awaited weekly buyside Liquidity on thursday and also dipped one more time into the weekly buyside Liquidity today again. While this happened, EURUSD did not take out the weekly sellside Liquidity. I therefore suspect that an SMT would occur on both pairs
If price of Dollar breaks below the 4hr Swing low @ 103.225, then I would look for sells that would lead towards the Daily FVG and also the sellside Liquidity that is below current market price
Price targets for the sellside Liquidity if price breaks and closes below 103.225 is 102.721
Nota
Seems the chances are higher after breaking below the swing low. Price is not more likely to reach into the sellside Liquidity
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