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![neilksethi Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::2252413050.png) Neil Sethi [@neilksethi](/creator/twitter/neilksethi) on x 12.3K followers
Created: 2025-07-16 21:26:00 UTC

$DXY dollar index (which as a reminder is very euro heavy (over 50%) and not trade weighted) at one point was up for a 5th day (and 9th in 11) and pushing over the 50-DMA before the Trump/Powell news sent it plummeting over -1%.  While it rebounded it still finished lower for the session.

The daily MACD as noted last Monday crossed over to “cover shorts” while the RSI is just off the highest in nearly two months and over XX after having moved from under to over 30, which can be a signal of a reversal of a downtrend, “so it’s got a lot of boxes checked for a move higher,” as I noted Monday.  We’ll see if it can get back on track or if Trump quashed the rally.

![](https://pbs.twimg.com/media/GwAlACqXkAAp6eT.png)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945595800139993577/c:line.svg)

**Related Topics**
[euro](/topic/euro)
[money](/topic/money)
[$dxy](/topic/$dxy)

[Post Link](https://x.com/neilksethi/status/1945595800139993577)