@ahall265 on DXY | PriceONN Community
A
I'm considering a short position on DXY if it fails to hold above the 20-day SMA at 96.89. Initial target would be the 96.70 level, coinciding with the 50-day SMA. A tight stop loss just above the recent high of 96.95 is warranted to manage downside risk. The risk-reward ratio looks attractive at this level, considering the potential for a deeper retracement.