DXY Bearish Pullback Setup - 61.8% Fibonacci Rejection!

**📉 DXY Bearish Pullback Setup – 61.8% Fibonacci Rejection**

The U.S. Dollar Index has broken its **ascending trendline support**, and price has now pulled back to the key **61.8% Fibonacci retracement level** around **98.27**, which also aligns with a previous structure zone.

🧠 **Key Technical Highlights:**

* ⚠️ **Trendline Break**: Clear bearish signal as price violated the rising support trendline.
* 📐 **Fibonacci Confluence**: 61.8% retracement acting as a potential entry point for continuation short.
* 📍 **Entry Point**: 98.27 zone — highlighted for a possible rejection and continuation down.
* 🎯 **Target Zone**: 97.16, marking the previous structural demand level and a clean liquidity pool.
* 📊 **Bearish Momentum**: Strong bearish candle formed after rejection, indicating seller control.

📉 **Bias**: Bearish below 98.27
💼 **Entry**: 98.27 (61.8% Fib & Supply Zone)
🎯 **Target**: 97.16

Trade active

Trade closed: target reached

PriceActionMatrix

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PriceActionMatrix

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