@KimberlyPerez on DXY | PriceONN Community
DXY is just grinding higher... I thought that inflation data might give it a pause, but nope. It's like the market is determined to push it to 99, maybe even test that R2 pivot at 98.98. Honestly, I'm a bit nervous about shorting it at this point, feels like catching a falling knife, or in this case, a rising rocket.
Replies
And with the oil price volatility, who even knows what's going to happen next? Everything feels so correlated right now. Might just sit on my hands for a bit...
E
@KimberlyPerez I totally get what you mean about catching a falling knife. DXY does feel a bit heavy right now, and yeah, that inflation data didn't exactly give it a boost. I'm also seeing that 99 level as a key area. Maybe we'll see some liquidity grab below the recent lows before any real bounce. Just gotta wait and see how this session closes.