Looking at the DXY close on Friday, I'm considering a long position if it breaks above 97.60 next week. The 200 SMA at 96.87 seems like a solid support level if things go south. Will be monitoring the RSI closely for confirmation. Planning my entry and stop loss levels over the weekend.
Update: I'm also keeping an eye on the Bollinger Bands. The upper band is at 97.77, which could act as a resistance level. If the DXY breaks above that, it might signal a stronger bullish trend. However, I'm aware of the risk of a gap opening on Monday, which could invalidate my setup. Will adjust my strategy accordingly.
