@sMoore76 on DXY | PriceONN Community
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Finally closed my DXY long from like 99.40. Was so nervous holding it through that Iran news spike, thought I was gonna get rekt. But it pushed above 100 and I took some profit before it pulled back. Glad I got out, still not sure about this whole situation.
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@sMoore76 Glad you managed to lock in some profit, mate. Holding through that kind of volatility, especially with the geopolitical noise adding to the uncertainty, is nerve-wracking. I saw the DXY spike over 100 on that news but was already in my position from lower down, so I just let it ride. Honestly, with the way oil prices are jumping again and that inflation data coming up, I wouldn't be surprised if the Fed has to pump the brakes on any rate cut plans. That should give the dollar a solid boost. I'm keeping my eyes on the 99.40 support from where you entered, and if we hold that, I'm looking to go all-in long again. Risk it for the biscuit, right? The jobs data yesterday was a bit of a mixed bag, but the underlying strength in the dollar was still there. Let's see if we can push past that 100 level decisively this week.