DXY H4 (Bearish Breakdown Confirmed)

Wait 5 sec.

DXY H4 (Bearish Breakdown Confirmed)U.S. Dollar Currency IndexTVC:DXYFxTrend110DXY on the 4-hour chart is now showing a clear bearish breakdown after moving below the 99.41 key support and breaking out of the rising channel structure. Price is currently trading around 98.36, which confirms that sellers are in control and the recent bullish channel has failed. The next major support zone to watch is 97.49, and if bearish pressure continues, price can extend toward 96.58. On the upside, 99.41 now becomes immediate resistance, and DXY would need to reclaim that level to reduce bearish pressure. This current DXY weakness is USD-negative, which generally supports GBPUSD and EURUSD bullish continuation on their 4H charts.