@omolaraoladipo76 on DXY | PriceONN Community
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Be careful with this current move on DXY. The RSI is screaming overbought, yet we're still seeing upward momentum. This could easily be a bull trap. Remember that geopolitical news can inject temporary spikes, but fundamentals often reassert themselves. If the dollar strength is driven purely by fear, it might reverse sharply once the dust settles. I'm watching for a strong bearish divergence on the hourly or a break below the 100-EMA. A sustained move back below 100.00 would signal a significant reversal is brewing, and anyone caught long here could see a rapid drawdown. Don't get caught chasing the rally without confirmation, especially with the German inflation data out.