DXY Bullish Breakout – USD Strengthening Towards 120+?

📊 DXY (U.S. Dollar Index) Monthly Chart Analysis 🚀
📈 Breakout in Progress:

The chart shows a breakout from a horizontal resistance zone (previous highs). This signals bullish momentum.
📊 Trend & Structure:

Higher Lows & Higher Highs indicate an uptrend.
Price has been moving within an ascending channel for years.
📉 EMA 200 Support:

The 200-month EMA (95.63) is well below the current price, acting as a strong long-term support level.
🔮 Future Projection:

A potential pullback to confirm support, followed by a strong bullish move toward 120-125 levels.
Chart Projection Suggests: 🚀 Upside continuation if support holds.
🔥 Key Levels to Watch:
✅ Support: 104-108 (Breakout retest zone)
🎯 Target: 116-124 (Upper trendline)

💡 Conclusion: Bullish bias remains strong. If DXY holds above 108, the dollar could gain more strength in 2025. 🚀📊