@olivia565 on DXY | PriceONN Community

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olivia565 PRO newbie
DXY Feb 20
Anyone else watching the dollar index closely? 🤔 I'm seeing mixed signals. The SMAs look bullish, but the Bollinger Bands suggest it might be getting a bit overbought. What are your thoughts on potential entry points or resistance levels? I'm trying to get a feel for the overall sentiment before making any moves. 🧐
DXY

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olivia565 PRO newbie Feb 20
Update: I'm also considering the impact of upcoming economic data releases. If the numbers come out weaker than expected, it could put downward pressure on the DXY, regardless of the technical indicators. 📉 I'm thinking of setting a tighter stop-loss than usual to protect against unexpected volatility. What do you guys think about waiting for the data before making a decision? It might give us a clearer picture of the short-term direction. 🤔 I'm leaning towards caution, especially with the current market uncertainty. Better safe than sorry! 😇
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