@skyrunner683 on DXY | PriceONN Community
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Anyone else watching the Bollinger Bands on DXY? It's testing the upper band around 97.4. I'm thinking a short position might be viable if it rejects that level, but the 20 SMA is acting as pretty solid support. What are your thoughts on the risk/reward ratio here? I'm trying to decide if it's worth the potential drawdown. Also, what's your take on the impact of upcoming news releases? Are you guys factoring in any specific events that could affect the dollar?