US Dollar Index Bullish setup Breakout? from Descending Triangle

4 Haz

The DXY is showing bullish momentum after rebounding from the 98.690 support level and breaking out of a descending triangle structure This suggests a potential trend reversal in favor of the bulls Technical Highlights Strong bounce from a key support zone (98.70)
Breakout above descending triangle resistance Price forming higher lows with bullish structure
Clean move expected towards the order block (OB) at 100.00 and beyond

Resistance levels
100.100 – First resistance
100.530 – Secondary resistance
101.440 – Psychological target

Support Zones
98.690 – Key support and base of bullish rejection
99.000 – 99.200 – Order block zone / bullish retest area

A break and close above 100.530 could open the door for a move toward the 101.440 zone
This setup favors bulls as long as price holds above the 98.690 support. A healthy pullback to the order block followed by bullish confirmation could offer a low-risk opportunity.

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5 Haz

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