US Dollar Index - Neutral Bias

7 gen 2022

DXY

I am watching the US Dollar index closely as we have seen it stuck in a range for a while now. One thing I like to do when watching for ranges is, looking for a liquidity grab (false move) in either direction before the real move. So if I see the US Dollar wanting to push down, I would love to see the highs taken out before we do so. Same thing if I see the US Dollar wanting to go higher, expect we will take out the lows before doing so.

All eyes on Non-Farm Payroll coming up! No bias, purely waiting for price action to tell me where we are going next!