Anyone else watching the DXY closely? I'm seeing some bullish signals, but I'm also a bit cautious with the RSI around 65. It's approaching overbought territory, so a pullback could be coming. What are your thoughts on the short-term outlook for the dollar index?
Update: I'm thinking if the DXY breaks above 97.75, we could see a significant move higher, maybe towards 98. But I'm still concerned about that RSI. It might be prudent to wait for a confirmed breakout before entering a long position. A break below the 20 SMA at 97.51 would probably signal a bearish reversal, so keep an eye on that level as well. I'm still learning about all this, so any feedback is appreciated. Maybe a small position with a tight stop loss?
