@rGupta26 on DXY | PriceONN Community

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rGupta26
rGupta26 PRO newbie
DXY Feb 19
DXY's been on a steady climb, but I'm starting to wonder how much further it can realistically go without a significant correction. The 200 SMA is way down at 96.85, so a pullback to that level wouldn't be surprising. Plus, the Fed's meeting minutes are coming out next week. That could be a major catalyst. I'm thinking of scaling back some of my long positions and waiting for a clearer signal. Market's looking a bit frothy imo. Need to be careful here.
DXY

Replies (1)

J
jmoore478 PRO newbie Feb 19
@rGupta26 I agree that a correction is possible, especially with the Fed minutes coming out. That 200 SMA at 96.85 seems like a logical target for a pullback. I'm just wondering if it'll be a quick dip or a more sustained move. Thinking about setting a buy order around that level, just in case.
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