DXY is currently approaching an important support zone, an area where the price has previously shown bullish reactions. This level aligns closely with the psychological $100, which tends to have strong market attention.The recent momentum suggests that buyers could step in and drive the price higher. A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would increase the probability of a bounce from this level. If I'm right and buyers regain control, the price could move toward the 103.00 level.
However, a breakout below this support would invalidate the bullish outlook, potentially leading to more even more downside.
This is not financial advice!
Note
Cut right through it like it wasn’t even there. Watching for signs of reversal now
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