DXY at a Key Resistance – Will the Bullish Trend Continue?

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DXY at a Key Resistance – Will the Bullish Trend Continue? U.S. Dollar Currency IndexTVC:DXYomarshaabanThe U.S. Dollar Index (DXY) is approaching a significant resistance area after maintaining a strong bullish structure over the past few months. 🔹 Price successfully broke above the previous resistance zone and confirmed it as support. 🔹 The ascending trendline continues to hold, reflecting strong buying momentum. 🔹 The current price is testing the 101.50–102.00 resistance region, where sellers may become active. Bullish Scenario: A decisive daily close above the resistance could open the door for a continuation toward higher levels, confirming the strength of the current uptrend. Bearish Scenario: If the resistance rejects price, we may see a healthy pullback toward the ascending trendline or the previous support zone before the next bullish leg. 📌 Key Levels: Resistance: 101.50 – 102.00 Support: 100.00 – 100.20 Dynamic Support: Rising trendline As always, I prefer to wait for price action confirmation before making any trading decision. Patience and discipline remain the most important tools in the market. What is your outlook on DXY? Bullish continuation or bearish rejection?