@F_Aliyu on DXY | PriceONN Community
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Looking at the DXY chart right now, it's just sitting on that 98.07 Bollinger support level. This is classic quiet session stuff, but the RSI is screaming bearish at 37.1. Combined with the oil news pushing down on the dollar's safe-haven appeal, I'm expecting this support to break. It feels like it's building pressure to just fall through. The 200-day SMA is way up at 99.18, so there's plenty of room for it to drop if it gets going. I'm not seeing any strong bullish signals at all. This looks like a prime opportunity to go heavily short.