@ericallen29 on DXY | PriceONN Community
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DXY looking pretty strong here folks! That 20 SMA at 96.7 is holding nicely, and RSI is above 50. I'm thinking we might see a push towards that 200 SMA around 96.91 soon. Could be a good opportunity to add to long positions if it breaks through!
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Update: Just noticed the Bollinger Bands are tightening up too. Could mean a bigger move is coming for the DXY. Keep an eye on those upper and lower bands around 96.81 and 96.59 respectively. A breakout either way could signal the next direction!
@ericallen29, I agree that the 20 SMA held, but RSI is still below 50, indicating limited upward momentum. The Bollinger Bands are also quite tight, suggesting a potential breakout is imminent, but the direction remains unclear. I'm hesitant to add to long positions until we see a confirmed break above the upper band.