@sdas173 on DXY | PriceONN Community

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S
DXY looking overbought on the RSI (73.8). Scalpers might consider short positions near R1 (97.45), but be cautious. The overall trend is still bullish, supported by all SMAs. Might be a good idea to wait for a pullback before entering long positions.
DXY

Replies (1)

S
sdas173 PRO newbie Feb 18
Update: A break above R2 (97.5) could invalidate the short idea, so keep a tight SL in place if shorting. The dollar index might just keep climbing, lol.
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