DXY - ANALYSIS

👀 Observation:
Hello, everyone! I hope you're all doing well. Let me share my personal view on the Dollar Index (DXY) with you.

Based on the chart, if DXY breaks below 106.879 in the 15-minute timeframe, I expect it to drop further toward 106.517.

However, if this level holds and does not break, I anticipate DXY to push back up toward the range high, as we are currently at the range low in the monthly timeframe. Additionally, a price imbalance has formed, which I’ve highlighted in the chart. If 106.879 remains intact, I expect DXY to climb toward the range high around 110.160.

📉 Expectation:
Bearish Scenario: A break below 106.879 could lead to a drop toward 106.517.
Bullish Scenario: If 106.879 holds, DXY may rise toward 110.160 (range high).

💡 Key Levels to Watch:
Resistance: 110.160
Support: 106.879, 106.517

💬 What’s your outlook on DXY? Let me know in the comments!

Trade safe