@brian6022 on DXY | PriceONN Community
Anyone else think the DXY's current level is a good entry point for a longer-term position? The 50-day SMA seems like solid support around 96.7. I'm considering a buy with a target near the 200-day SMA, but I want to see how it reacts to upcoming news. Economic data could easily shake things up.
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update: I'm watching the hourly charts closely. If it breaks below 96.7, I'll hold off on the entry. Gotta be patient and wait for confirmation. Patience is key!