Is anyone else watching the DXY closely? Seems like it's pushing up against that 100.2 level pretty hard. RSI is overbought, but the momentum is strong. I'm wondering if it'll break through or if we'll see a pullback soon. Could be a good scalp opp if it retraces a bit.
And if it does break through 100.2, where do you guys think it's headed? Seems like there's not much resistance until 100.5 maybe? I'm trying to learn how to set realistic TP levels for these scalps. I'm thinking of going long if it breaks, but with a tight SL just in case it's a fakeout. The news about Iran is probably pushing it too, right?
