DXY – Intraday Analysis (1H)

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DXY – Intraday Analysis (1H)US Dollar IndexCAPITALCOM:DXYKurdForex11 On the 1H timeframe, the Dollar Index (DXY) is trading within a key supply and demand range, showing signs of consolidation. 🔶 **Supply Zone (Upper):** 100.27 – 100.40 This zone remains a strong resistance area with multiple rejections. 🔷 **Demand Zone (Lower):** 99.70 – 99.80 A key support level where buyers are expected to react. 📉 **Primary Scenario (Pullback):** Price may retrace back into the demand zone. If bullish price action appears (rejection or structure shift), this could provide a solid buying opportunity targeting the supply zone. 📈 **Alternative Scenario (Breakout):** A strong breakout above 100.40 could lead to further bullish continuation. ⚠️ **Note:** The market is still ranging, so waiting for confirmation before entering trades is highly recommended. --- #DXY #Forex #Trading #PriceAction #SupplyDemand