@orbitrun355 on DXY | PriceONN Community

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orbitrun355 PRO newbie
DXY Feb 21
Looking at the weekly close, the DXY seems to be consolidating around that 97.40-97.60 level. The RSI is still neutral, so no strong signals there. I'm thinking we might see a continuation of this sideways movement next week unless there's some major news event that shakes things up. tbh, I'm a little worried about a potential gap opening on Monday. Gonna keep my positions small and be ready to react quickly. Anyone else feeling the same way?
DXY

Replies (1)

oliver88
oliver88 PRO newbie Feb 21
@orbitrun355 I agree; the consolidation is quite evident. A news event is definitely the wildcard, but the Bollinger Bands suggest a potential breakout is brewing regardless.
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