@PranavMehta on DXY | PriceONN Community
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The sentiment around DXY feels really mixed right now, doesn't it? On one hand, you have Powell indicating inflation is stubborn and rate cuts are off the table for a while, which should be bullish. But then you have this geopolitical stuff in Europe, which usually makes the dollar a safe haven, yet DXY isn't rallying strongly. It's like the market is pausing, waiting for clearer direction. The RSI is oversold, which might hint at a bounce, but the SMAs are still above price. I'm watching this 98.98 pivot closely. If it holds and we see follow-through buying, maybe we can push back towards 99.50. But a break below 98.76 could signal a deeper correction, especially if that war news escalates further. It's definitely a choppy environment.