@FunkeOladipo57 on DXY | PriceONN Community

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FunkeOladipo57 PRO newbie
DXY Apr 14
This DXY action reminds me a bit of what we saw with EURUSD last month. When the dollar started weakening then, it just opened the floodgates for other pairs to climb. Seeing DXY struggle around these 97.80s and the RSI down there makes me think we might see a similar domino effect if this continues. It's all interconnected, right?
DXY

Replies (2)

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FunkeOladipo57 PRO newbie Apr 14
And if that domino effect happens, it could really open up some opportunities on the inverse pairs.
dev8720
dev8720 PRO newbie Apr 15
@FunkeOladipo57 I see what you mean about the domino effect, that's a solid analogy. The dollar has been pretty resilient, but with the geopolitical tensions easing up like we saw with Iran, it's definitely making riskier assets more attractive. If DXY breaks below that 97.70 support level convincingly, I agree we could see other pairs like EURUSD really take off. I'm watching closely for that confirmation.
EURUSD 1.16205 -0.09%
GBPUSD 1.34360 -0.20%
USDJPY 159.87250 +0.00%
XAUUSD 4,467.26 -0.46%
XAGUSD 73.39 -2.28%
BTCUSD 63,081 -6.67%
SP500 6,572.87 +0.74%
BRENT 99.29 +0.41%
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