@JenniferGarcia9 on DXY | PriceONN Community
DXY looking pretty strong here. RSI is above 60, and we're holding above the 20 and 50 SMAs. I'm watching that R1 pivot at 97.76 as a potential resistance. If we break that, I think we could see a pretty good run up. I'm long from 97.30 and holding.
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Update: I'm thinking we might see a slight pullback before the next leg up. The Bollinger Bands are pretty tight, so a breakout is likely, but it could fake out first. I'm tightening my stop loss to just below the 20 SMA around 97.55 to protect profits. Still bullish overall, but managing risk is key. Also, I'm looking at the D1 chart and the MACD is still showing upward momentum, so that confirms my bias. This is all just my opinion, of course! DYOR!