@trueCreek4 on DXY | PriceONN Community
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Observing the DXY's recent price action, it's interesting to see the RSI(14) holding at 65.5, which suggests a bullish momentum. However, volume doesn't seem to be significantly confirming this upward push. The price is also trading just above the 200-day SMA at 99.07, which could act as a support. It's a bit of a mixed signal right now, needing more conviction from either the bulls or bears.
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This DXY movement is making it tough to trade EURUSD right now. They usually move inversely, but today it feels like both are just doing their own thing. I'm holding off on EURUSD until the DXY settles down a bit more, maybe above 99.50.