US Dollar Index (DXY): Bear Trap Before the Next SelloffUS Dollar IndexCAPITALCOM:DXYiammasThe US Dollar Index (DXY) is currently trading inside a well-defined rising channel while approaching a major resistance zone between 101.00 – 101.90. My expectation is that the market may perform one final liquidity sweep into this resistance area, potentially trapping late buyers before reversing lower. Key idea: * Hold above 100.00 in the short term. * Rally toward 101.50–101.90 to complete the liquidity grab. * Face strong rejection from the resistance zone. * Break below the ascending channel support. * Continue the bearish move toward the 99.35 area initially, with the possibility of extending lower if bearish momentum accelerates. The upper resistance zone aligns with previous supply, while the rising channel support remains the key structure to monitor. A confirmed break below the channel would invalidate the bullish structure and could trigger a larger downside move. Key Levels * Resistance: 101.00 – 101.90 * Current Support: 100.00 * Breakdown Confirmation: Ascending Channel Support * First Bearish Target: 99.35 Disclaimer: This is a personal technical analysis based on price action and market structure, not financial advice. Always manage your risk appropriately.