USD Index (DXY) Outlook: Bullish Structure Holding

Wait 5 sec.

USD Index (DXY) Outlook: Bullish Structure HoldingU.S. Dollar Currency IndexTVC:DXYSibiShThe Dollar Index is holding above the key 99.00-98.90 support zone and trading within a rising structure. Price has respected the ascending trendline and previous BOS-CHOCH levels showing buyers are still active. As long as DXY stays above 98.80 the bias remains bullish with upside targets around 99.85 and 100.20. A pullback toward 99.00-98.90 can be seen as a healthy retracement before continuation while a clear break below 98.50 would weaken the bullish outlook. From a fundamental perspective the dollar is supported by expectations that the Federal Reserve will keep interest rates higher for longer as inflation remains sticky and the U.S. economy shows relative resilience compared to other major economies. Safe haven demand also favors USD amid global uncertainty and geopolitical risks. However any softer U.S. inflation or labor data could trigger short term pullbacks. Overall fundamentals currently align with the moderate bullish technical bias shown on the chart. Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!