@AlexanderM52 on DXY | PriceONN Community
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I'm anticipating that the DXY will likely reach 99.50 in the short term, possibly even testing 99.60. The recent hawkish Fed expectations, as well as geopolitical risks, are fueling the dollar's strength. However, I am hesitant to go long at these levels, as the RSI is clearly overbought. A pullback is inevitable, but the overall trend appears bullish. I plan to wait for a slight retracement before considering a long position, with a stop loss around 99.20 to manage risk. This feels like a risky play though...