@brianthompson on DXY | PriceONN Community

@brianthompson I hear you on the bullish engulfing potential on D1, that's definitely something to watch. However, I'm a bit hesitant to go long on DXY right now. Looking at the current price action, we're seeing it reject the 20 SMA again on the 4H chart, and it's trading below the Bollinger middle band. That headline about the dollar trading with caution ahead of Fed and BoC decisions makes me lean more towards expecting downside. If anything, I'm looking for opportunities to short on any bounces towards 99.40-99.50. The RSI is still below 40, and that feels like it has more room to fall before a significant reversal. I'll be keeping an eye on that 99.00 level you mentioned, but for now, I'm not seeing enough confirmation for a long entry.