@JeffreyWright on DXY | PriceONN Community

@JeffreyWright I disagree that it's necessarily building momentum. Yes, it's been a strong run, but the RSI is flashing major overbought signals. Also, news about the Iran thing is probably already priced in. I think the market is overreacting to the oil stuff.

I'm more inclined to think we'll see a retracement before any further upside. 99.20 might be a short-term target, but I'd be cautious about entering long there. The risk/reward isn't favorable at these levels, especially with the bearish divergence on the daily chart I pointed out earlier. We need to see a significant pullback to confirm a healthy uptrend, and i'm not seeing it yet.

@JeffreyWright I see your point about the RSI, but I'm also a bit worried about the 99.20 level. It feels like we've seen DXY stall around there before, and it might be a resistance zone.