DXY - Liquidity Grab To Initiate Bullish Run

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