DXY at Major Support – Dollar Ready to Rebound?U.S. Dollar Currency IndexTVC:DXYpejman_zwinToday, I want to analyze the DXY index(DXY) for you. First, I must say that this week, US indexes can have an impact on the DXY index trend. US indexes to be released this week: Core PPI m/m: Tomorrow PPI m/m: Tomorrow Core CPI m/m: Thursday CPI m/m: Thursday CPI y/y: Thursday Unemployment Claims: Thursday Prelim UoM Consumer Sentiment: Friday Prelim UoM Inflation Expectations: Friday The DXY Index is currently moving near the Support zone($97.989-$97.834), Yearly Support(2), and the lower line of the descending channel. In terms of Elliott Wave theory, it seems that the DXY index has managed to complete microwave 5 of the main wave C. The corrective structure is of the Zigzag Correction(ABC/5-3-5) type. Also, we can see the Regular Divergence (RD+) between consecutive valleys. I expect the DXY index to rise to at least $98.07(First Target) before the US indexes are announced. Second Target: $98.56 Stop Loss(SL): $96.997 Note: With the DXY index rising, we can expect a correction in Gold(XAUUSD), Bitcoin(BTCUSDT), and major Forex pairs (dollar strength). Please respect each other's ideas and express them politely if you agree or disagree. U.S. Dollar Index Analyze (DXYUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.