@GeorgeMurphy on DXY | PriceONN Community

Further to my previous comment on the descending triangle, it's worth considering the context of the broader market sentiment. While some are pointing to geopolitical tensions as a catalyst for dollar strength, the technicals on DXY aren't supporting that narrative right now. The consistent failure to make higher highs suggests a lack of conviction from buyers, even with that brief spike towards R2 earlier. If the 99.40 support gives way, I wouldn't be surprised to see a swift move down, possibly testing previous lows from last week near 99.20 before the next major economic data release. The thin volume only exacerbates this risk of a sharp move on a breakout.