The US Dollar โ€“ Under Selling Pressure Today

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๐Ÿ’ต US Dollar Index (DXY) โ€“ Still Under Selling Pressure

๐Ÿ“‰ Current Zone: 100.29
The DXY continues its bearish momentum after failing to reclaim the technical resistance zone between 101.27 and 102.20.

๐Ÿ” Key Zone Analysis:

๐Ÿ”ด Technical Resistance Zone:
101.267 โ€“ 102.206 โ†’ Heavily rejected, confirming strong selling pressure.

๐ŸŸข Fundamental Support Zone:
99.447 โ€“ 99.939 โ†’ Key psychological level closely monitored by institutional players.

๐Ÿ“Š Current Scenario:

๐Ÿ”ป As long as price stays below 101.26, the bearish bias remains intact.
๐Ÿ“‰ Downside target: retest of the 99.44 โ€“ 99.90 zone.
โŒ Invalidation: clean break and close above 102.20.

โš ๏ธ Events to Watch This Week:

Federal Reserve speeches

Key U.S. macro data (jobs, inflation)
The DXY remains vulnerable to any signs of rate easing or economic slowdown.

๐Ÿ“˜ Reminder: The information provided is for educational purposes only.
It does not constitute financial advice or an investment recommendation.


๐Ÿ’ฌ Boost if youโ€™re watching the DXY too! Whatโ€™s your view on this support zone? ๐Ÿ‘‡

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