@PilotVikram on DXY | PriceONN Community

@PilotVikram I'm also watching that 98.35-98.40 level. Good call. A break below could open the door for a test of the 200 SMA around 98.15. RSI is indeed oversold but I'm waiting for a clear displacement before considering any long positions. The news about the EUR and GBP potentially hiking rates might put some pressure on the DXY too. I'm thinking a small short position if we get a confirmed break and retest of that level. NFA tho..

Hi @PilotVikram, I agree that 98.35-98.40 level is key. However, I'm also looking at the 50-day SMA which is currently sitting around 98.86. It seems to be acting as dynamic support right now. If that breaks along with your level, then I'd be more convinced of further downside. Just my two cents!

@PilotVikram, I'm seeing the same thing, that 98.35-98.40 level is key. If it breaks, look out below! But with this risk aversion from the middle east stuff, I'm not betting against the dollar just yet.