Last week, dollar index witnessed a stop run into and through the weekly order block mapped out @ 103.885 before a retracement played out, booking price up to the macro dealing range of 104.348 (highs being 104.510). This week, the market managed to reprice up to a premium and above weekly buystops @ 104.510 before a sell-off happened. Candlebody closed as a spinning top bearish doji on the weekly.
Whilst on the daily timeframe, the daily order block has held as 'support', as we are yet to see a daily closure at or below the mean threshold of the OB. Rangebound all week with the dealing range being 104.080 - 104.555.
Awaiting for signatures in price to gauge whether buystops or sellstops is next.
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