USD Ascending Triangle #2 BreakoutU.S. Dollar Currency IndexTVC:DXYFOREXcomSo far it's been a bullish start to 2026 for the US Dollar and while USD/JPY was doing a lot of that push, more recently, it's been EUR/USD, which dropped to a fresh monthly low earlier today. There hasn't really even been any strong US data or news, as the CPI print on Tuesday saw Core print below the expectation and the NFP print from last Friday saw a miss in the headline number. But, this is where trends can show their hands, when a market moves in a direction that's not easily explained by the fundamental backdrop. In the USD, it's the same 100 area in DXY that looms large as this spot held multiple resistance tests last year, including a double top in November that led to a break down in December. But, so far, that breakdown held a higher-low as sellers couldn't quite get down to the prior July/September lows, and this brings scope for bullish potential. On a shorter-term basis, we have a breakout and fresh highs and this also means prior triangle resistance is now support potential. Whether the USD can continue the rally will probably derive from whether EUR/USD bears defend lower-high resistance, with 1.1616 already in play and 1.1656 just a bit higher. For DXY, support is now plotted at 99.26 with 98.98 just below that, and then the prior triangle resistance at 98.76. - js