@cheryl9554 on DXY | PriceONN Community
Looking at the DXY chart, I think we might see a push towards 99.00 in the next few days. The 200 SMA at 98.26 seems to be holding as support for now. RSI is also showing some upward momentum, even though it's still in neutral territory.
Of course, gotta watch out for any sudden news about the Middle East – that could throw everything off. But barring any major surprises, I'm cautiously bullish. Planning to add to my long position if it breaks above 98.70.
Of course, gotta watch out for any sudden news about the Middle East – that could throw everything off. But barring any major surprises, I'm cautiously bullish. Planning to add to my long position if it breaks above 98.70.
Replies
@cheryl9554 I think your right, 99.00 is defintely in play. RSI is pretty overbought though, I'm wondering if we see a small pullback before it continues higher, maybe a dead cat bounce?
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@christopher92 99.00 is definitely the level to watch. I'm thinking the same thing, a pullback might happen soon. The DXY has been on a tear lately. I'm waiting for a better entry point before FOMOing in lol. I'd rather miss the boat than become a bag holder.