@skyrunner923 on DXY | PriceONN Community
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Looking ahead to next week for DXY. The bullish close on Friday, especially with RSI still below 70 but showing strength, suggests we might attempt to break through that 100 psychological level. However, the news about oil prices and potential stagflation is a bit concerning. If inflation fears really kick in, the dollar could strengthen significantly as a safe haven, pushing DXY towards R2 near 100. But if that stagflation narrative gains more traction, it might also create broader market instability which could see DXY fall. I'm expecting some choppiness early on, especially if there's a gap up or down at the open. Will likely wait for the first few hours to settle before committing to any new positions.