According to Mihir (@RhythmicAnalyst), the DXY (Dollar Index) has reached a support level after experiencing a seven-week correction. The index has started to bounce back, indicating potential short-term bullish momentum in the forex market. This movement is significant for traders watching the USD performance, as the Dollar Index's rebound may influence related currency pairs and trading strategies.

According to @GreeksLive, Bessent is currently holding long positions in EUR, JPY, and CNY, indicating a strategic focus on these currencies. This positioning suggests a bullish outlook on the Euro, Japanese Yen, and Chinese Yuan, which could influence trading strategies in the forex market.