Just shorted DXY around 99.75. Honestly, this thing is looking incredibly weak. RSI is well below 40 and it's struggling to even hold the 50-day SMA. Targeting the S2 pivot at 99.45. Let's see if they can drag it down further.
Hey @fmalik946, interesting take. I saw the RSI dipping too, but 99.45 feels pretty aggressive for a target given how it bounced last week. Personally, I'm waiting to see if it can even break that 50-day SMA before considering a short.