@JustinLewis53 on DXY | PriceONN Community
Anyone else watching the DXY closely here? The RSI is definitely showing bullish momentum, but I'm hesitant to jump in without seeing a more decisive break above the Bollinger Bands. What are your thoughts on potential resistance levels and the overall risk/reward at these levels?
Replies
Update: I'm also keeping an eye on the 20 SMA. It's acting as support right now, but if it breaks below that, I think we could see a pullback. I'm thinking a small long position with a tight stop-loss might be the way to play this, just in case it is a false breakout. I'm being cautious.