DXY showing strong bullish momentum! The RSI is looking good and we're above the 20 and 50 SMAs. Keep an eye on that 200 SMA around 96.91 though, that could be a key resistance level. If we break through, look out!
@AngelaJones83, your points about the bullish momentum are interesting. I'm a bit less confident, though. While the DXY is above the 20 and 50 SMAs, the RSI is not as high as I would expect for strong bullish confirmation. Also, the proximity to the 200 SMA does make me nervous. I'm concerned about a potential false breakout, particularly given the current global economic climate. I think careful risk management is essential here.
