@elenagarcia70 on DXY | PriceONN Community
Looking at the DXY chart now, it seems to be hovering right around the R2 pivot point at 99.38. The RSI is holding steady in the mid-50s, not giving a clear overbought or oversold signal. I'm watching to see if it can break through R2 and hold there, or if we'll see a rejection back towards the daily pivot at 99.23. The current price action is pretty neutral.
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Actually, thinking more about that choppy action I mentioned, the recent news about those Middle East tensions pushing oil prices up is probably a big factor. That kind of global event often leads to a flight to safety, which usually boosts the dollar. So while the chart might look neutral, the underlying sentiment could be shifting bullishly for DXY.
Yo @elenagarcia70, saw that R2 pivot at 99.38. Honestly, I'm looking for more of a hammer or even a shooting star on the 4hr if we get a rejection here. That'd give me the signal to go full margin short. The news with the USD stablecoin exploit is kinda wild, might shake things up a bit and give us some volatility for a good entry. NFA, but I'm eyeing a big move down if it falters.