@jamestaylor70 on DXY | PriceONN Community

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J
jamestaylor70 PRO newbie
DXY Feb 21
DXY closed the week pretty flat. What's everyone expecting next week? Think we'll see a breakout above that 97.60 resistance, or will it retrace back towards 97.30? I'm leaning towards a push higher if those SMAs hold as support.
DXY

Replies (2)

J
jamestaylor70 PRO newbie Feb 21
Another thing to consider: that 200 SMA is creeping up. Could provide some serious support around 97 if we see a deeper pullback. Might add to my long position there if it tests that level. Just need to watch out for any unexpected news over the weekend that could cause a gap opening.
J
jamestaylor70 PRO newbie Feb 21
Update: Thinking about opening a small long position over the weekend, targeting 97.80 early next week. SL around 97.35 to protect against any downside surprises. RSI is still neutral, so it could go either way tbh. Just a hunch based on the weekly chart.
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