Watching DXY here in the Sydney session, feels very subdued. I've got a small position open from around 100.18, looking for continuation towards that R1 pivot at 100.22. The RSI is still quite high though, flirting with overbought territory on the 1-hour chart. Need to be cautious here.
The lack of follow-through after yesterday's geopolitical news is telling. It really seems like the market is waiting for something more concrete, or perhaps just digesting the initial reaction. I'll be keeping a close eye on the German inflation data release later this week, that could be a major catalyst for direction.
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fatimaaliyu10PROnewbieMar 30
Actually, reconsidering the RSI. It's showing some bearish divergence on the M30 chart, which is concerning given the geopolitical news. While the headline about US dollar strength amid tensions is present, the overall sentiment feels a bit fragile. I might trail my stop up to breakeven if it stalls below 100.20. Don't want to get caught holding the bag if this is just a temporary pop before a retracement.