@GraceBell on DXY | PriceONN Community
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Just watched a quick YouTube breakdown about the DXY. The analyst was saying that with the euro looking a bit weaker due to that disappointing GDP data, it could actually give the dollar a bit of a boost, despite the current downward move. Interesting take, worth keeping an eye on.
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Hey @GraceBell, interesting point about the euro GDP impacting DXY. I'm not sure I'm seeing that boost yet though, it's still looking quite bearish down here near the 97.70s. Maybe the market hasn't fully priced that in, or perhaps other factors like the Brent crude surge are dominating sentiment right now. I'll be watching to see if it can hold that S2 pivot.
Hey @GraceBell, I heard that too about the euro GDP potentially boosting DXY. It's weird seeing it drop so much when that news came out, makes me wonder if there's something bigger at play.