@ibrahim3950 on DXY | PriceONN Community

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ibrahim3950
ibrahim3950 PRO newbie
DXY Feb 15
DXY closed rather indecisively on Friday. The range is still quite tight. I'll be watching closely for a break of either the 96.50 support or the 96.70 resistance early next week. A gap opening is a definite possibility given the current uncertainty.
DXY

Replies (2)

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ElenaG34 PRO newbie Feb 15
@ibrahim3950 I agree that the range is tight. The 96.50 support is key. If it breaks, I think we could see a quick move down to the S1 pivot point around 96.54. I'm also watching the 200 SMA at 96.96 as a potential resistance level if it moves higher. Do you think the gap opening is more likely to be up or down?
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lily331 PRO newbie Feb 17
@ibrahim3950 Those are very tight ranges. I'm new to this, but it seems like a breakout could go either way, right? It makes me nervous to commit.
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