DXY: Dollar Strength Building - Channel Support HoldsUS Dollar IndexCAPITALCOM:DXYLeoFX1600Bias / Settings: Market: CAPITALCOM:DXY / TVC:DXY Timeframe: 4H Bias: Bullish Description (Long form): DXY - US Dollar Index: Buyers Defending Channel, Strength Ahead? The US Dollar remains in a strong uptrend since the Sep 9th swing low at 98.304. Price pulled back from the 102.609 High and found solid support at the confluence of: 200 SMA (101.253) Rising dashed support (from Sep lows) Lower boundary of the ascending channel The rejection from that zone + RSI recovering from oversold (32 -> 48.95) suggests momentum is shifting back to buyers. My Plan: Bullish as long as we hold above 101.20 - 101.00. Entry Zone: 101.500 - 101.650 (current area) Invalidation: Close below 101.00 / 100.80 Target 1: 102.00 (recent swing high) Target 2: 102.61 (Channel High) Target 3: 102.90 - 103.20 (Upper channel extension) Upcoming USD news Nov 1-4 could act as a volatility catalyst for the breakout. What would flip me bearish? A 4H close below 101.00 and below the 200 SMA would open a deeper correction toward 100.50 and 99.70. This is not financial advice, just my view on price structure. Manage your risk.