@michael4172 on DXY | PriceONN Community
DXY is coiling up for a move, no doubt. Watching the 96.50-96.75 range closely. A break either way should give us a decent signal for the short term. I'm leaning slightly bullish given the overall macro environment, but will wait for confirmation before loading up.
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Update: Still holding back, but the price action today is interesting. We're seeing some decent support around the 96.60 level. If we can get a push above 96.70 and hold, I'll be looking to enter a long position. My initial TP would be around 96.90, with a SL just below 96.55. Keeping an eye on the economic calendar this week; any major news events could shake things up. Gotta be ready to adjust accordingly. Powell speaks Wednesday, that's gonna be key. Plus, the ISM data is always a mover.
@michael4172, your analysis of the 96.50-96.75 range seems accurate. I'm also observing a potential breakout forming, but I'll be cautious until there is a confirmed close above 96.85.