Weekend analysis on the DXY... hmm, looks like we're sitting right on that 50 SMA at 97.47. Could be a pivotal point next week! RSI's still neutral, so no strong signals either way. Gonna keep an eye on that 97.52 resistance.
Update: Thinking about my DXY positions over the weekend, I'm leaning towards a slightly bearish outlook for the short term. That 20 SMA above us at 97.59 looks like a strong ceiling. If we can't break through that early in the week, I reckon we'll see a test of that S1 pivot at 97.35. Might adjust my stops accordingly. Long term though, still bullish! Anyone else seeing similar patterns?
