Price has taken out lower lows. Let’s wait for price to create lower high. Then we should see new lower lows form.
I anticipate a drop in eurusd because price presently traded into an imbalace yesterday.
Since the beginning of 2022 EURUSD has been making new lower lows, just like how dollar index has been been printing new higher highs.
Dxy(dollar index) has been on an uptrend for a while now. Lets expect to see more upside for dollar.
Eurusd has been on a long term downtrend for a while now.
As you can see EURUSD reacted at our point of interest.
Expecting a run the upside And if otherwise price unpredictable
We got a break of structure to the downside Now we can see price building liquidity. Wait for price at our daily supply zone and look for entry.