Dollar Index Staging for a Breakout!! U.S. Dollar Currency IndexTVC:DXYRICHINVESTORThe DXY on the daily chart has been making higher highs and higher lows in a nice staircase channel on the 4 hour timeframe. It has currently hit a key resistance zone that goes all the back to July, 2023. We saw a seller step in from that resistance level this past week, however analyzing the weekly chart and the daily chart suggests that institutions have stepped in at the daily 200 EMA which acted as a dynamic resistance previously to support a continuation. I suspect that there might still be buy orders and stop loss orders around the daily 200 EMA and so market makers might push price into this region first in the coming week and once strong absorption and support is held at the 200 daily EMA, I expect the dollar index to gather up steam for the breakout above the key resistance for profit targets arounds 101.715 and 102.589. Thank you for your continued support of my publications and trades idea. I wish everyone a profitable trading week.