@daniel1986 on DXY | PriceONN Community

This DXY action feels a bit like what happened with EURUSD last year. Remember when EURUSD was just stuck in that 1.05-1.07 range for weeks? Everyone was confused, waiting for a big move that never really came. DXY is doing something similar now, just hovering. The news about recession odds is making me think it's going to drop eventually, like a dead cat bounce before a bigger fall. It's hard to tell though, because the dollar usually strengthens in uncertain times, but that recession talk is pretty heavy. I'm worried about getting caught on the wrong side if it suddenly pops up overnight, especially with this quiet Sydney session. It's just…weirdly calm, and that makes me more anxious.