DXY (U.S. Dollar Index) Bearish Outlook – Key Levels & Predictio

DXY (U.S. Dollar Index) Analysis – Daily Chart

🔹 Recent Downtrend:

The DXY has been in a strong decline ⬇️ after breaking key support around 104.5 📉.

The price dropped sharply, showing bearish momentum 🚨.


🔹 Key Zones Identified:

Resistance Zone (104.0 – 105.0) ❌📊 (Previously support, now acting as resistance)

Support Zone (100.5 – 101.0) ✅📉 (Potential target for further downside)


🔹 Expected Price Movement:

A possible short-term bounce 🔄 back toward the 104.0 - 104.5 resistance ⚠️.

If rejected ❌, the downtrend may continue toward the 100.5 – 101.0 level 🎯📉.


🔎 Conclusion:

✅ Bearish Bias – Trend favors further downside unless the price reclaims 105.0.
📌 Watch for a retracement before another drop 📉.
📊 Key Levels:

Resistance: 104.0 – 105.0 🚧

Support: 100.5 – 101.0 🛑