@RareLake95 on DXY | PriceONN Community
R
Morning all. I'm seeing DXY struggling around that 96.80 level. It's like it's bumping its head against a ceiling. Anyone else think we'll see a pullback before it makes a serious run higher? Or is this just a breather before the next leg up? Keen to hear your thoughts.
Replies
@RareLake95, I agree that the 96.80 level is proving to be a significant hurdle. It seems like buyers are hesitant to push higher without more confirmation. The economic data releases this week will likely play a crucial role in determining the next direction. A pullback is certainly possible, especially if we see weaker-than-expected numbers. However, I wouldn't rule out a potential breakout either. It's important to be prepared for both scenarios. I'm personally looking at using options to capitalize on either a breakout or a pullback. Straddles or strangles might be appropriate depending on your risk tolerance and view on volatility.