DXY Short Setup h1 chart Bearish Rejection U.S. Dollar Currency IndexTVC:DXYFxTrend110DXY on the 1H chart is currently showing bearish momentum, with price rejecting the 98.90 resistance zone and forming strong downward candles. The sharp drop indicates sellers are in control after a failed breakout attempt. For today, price may continue slightly lower or move sideways toward the 97.70 support zone, as momentum is still weak but starting to slow after the impulsive sell-off.