US Dollar Index (DXY) is approaching a strong support zone at 98.90–98.00, which has historically acted as a base for bullish reversals. The price is now testing the lower bound of this zone after a steady downtrend from the 101.94 high.
Key Technical Structure:
Support Zone: 98.90–98.00 (tested 3+ times)
Double Bottom Potential forming if bulls hold the zone
Upside Targets:
101.94: Key horizontal resistance
103.50: Swing high from early April
Scenarios to Watch:
🔹 Bullish Rebound:
Price bounces off 98.90–98.00 support
Confirmation: Break and close above 100.50 near-term resistance
Could fuel move back to 101.94, possibly 103.50
🔹 Bearish Breakdown:
Daily close below 98.00 would invalidate bullish setup
Opens downside to 97.00 and even 95.50
Macro Drivers to Watch:
FOMC speakers and interest rate guidance
US jobless claims or inflation surprise
Risk-off sentiment (benefits USD) vs. continued global risk appetite
Conclusion:
DXY is trading at a make-or-break support zone. Watch for clear bullish reaction or bearish breakdown before committing. The setup favors a bounce unless 98.00 fails.
Key Technical Structure:
Support Zone: 98.90–98.00 (tested 3+ times)
Double Bottom Potential forming if bulls hold the zone
Upside Targets:
101.94: Key horizontal resistance
103.50: Swing high from early April
Scenarios to Watch:
🔹 Bullish Rebound:
Price bounces off 98.90–98.00 support
Confirmation: Break and close above 100.50 near-term resistance
Could fuel move back to 101.94, possibly 103.50
🔹 Bearish Breakdown:
Daily close below 98.00 would invalidate bullish setup
Opens downside to 97.00 and even 95.50
Macro Drivers to Watch:
FOMC speakers and interest rate guidance
US jobless claims or inflation surprise
Risk-off sentiment (benefits USD) vs. continued global risk appetite
Conclusion:
DXY is trading at a make-or-break support zone. Watch for clear bullish reaction or bearish breakdown before committing. The setup favors a bounce unless 98.00 fails.
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✅ 85% Accuracy | 1–2 Signals/Day
💰 Profitable Trades Sent Daily – No Cost
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ultreosforex.com/
✅ 85% Accuracy | 1–2 Signals/Day
💰 Profitable Trades Sent Daily – No Cost
📲 Join Us on Telegram
t.me/ultreos_forex
🎯 Upgrade to VIP:
ultreosforex.com/
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.