@fcarter423 on DXY | PriceONN Community
DXY showing some resilience here. 🤔 The 200-day SMA around 96.88 seems to be acting as a soft floor. We need to see a clear break above 97.00 to confirm bullish continuation, otherwise we might be stuck in this range for a bit. Patience is key. 🧘♀️
Replies
@fcarter423, I agree that patience is key. The 200-day SMA is definitely providing some support. However, I'm also watching the 50-day SMA at 97.44. A break below that level could negate the bullish sentiment, even if the 200-day holds. It's a bit of a tug-of-war right now. The range is pretty tight, so scalping opportunities might be limited until we see a clearer direction.