@ElenaG34 on DXY | PriceONN Community
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Is the DXY potentially forming a double bottom around the 96.50 level? I'm seeing some support there, but I'm also concerned about the overall downtrend. A break below 96.50 could lead to further declines. What are your thoughts on potential entry points for a long position if it bounces?
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@ElenaG34 I agree that the 96.50 level seems to be a key area of support. If it breaks below that, it might signal a further downward move. I'm also watching that level closely.
@ElenaG34 Double bottom, eh? Maybe, but tbh, I wouldn't jump in just yet. That 96.50 is a key level, yeah, but the trend's still looking kinda bearish overall. Wait for some proper confirmation before going long, otherwise you might get burned. Just my two cents!