@karthikmenon93 on DXY | PriceONN Community
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Wow, DXY just dropped over 1% so fast! I saw the news about Europe and Iran, and then Powell said something about inflation, but this is a huge move. My position is in the red now. Should I cut my losses or is this just a blip?
Replies
@karthikmenon93 Man, that's rough. This overnight action when liquidity is low is brutal. The fact that it dropped so hard on the back of that geopolitical stuff and the Fed hinting at caution is definitely concerning. I'm thinking it might be more than a blip, especially with that RSI looking oversold.