DXY: Is the Bullish Breakout Still Intact?

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DXY: Is the Bullish Breakout Still Intact?U.S. Dollar Currency IndexTVC:DXYJustTechnicalsTaking lead from our previous analysis, DXY broke above the consolidation box after spending significant time inside the range. However, toward the end of the week, selling pressure appeared and red candles were seen near the previous resistance zone. The key question now is whether this is a reversal or only a normal pullback after breakout. Trend Hierarchy Intermediate Trend: Bullish Breakout Attempt Short-Term Trend: Pullback / Consolidation Bias: Bullish while breakout zone holds Market Structure The bullish structure is not invalidated yet. DXY is currently taking support from two important areas: Daily EMA-20 Upper boundary of the previous consolidation box As long as price holds above this breakout zone, the recent weakness should be treated as a pullback rather than a trend reversal. Momentum There is no clear bearish divergence on momentum indicators. This supports the view that recent selling pressure may be corrective. The EMAs are also slowly turning bullish, which adds strength to the breakout case. Outlook DXY may consolidate or move tightly around this zone in the short term. However, if the breakout zone holds, there are good chances that the Dollar Index resumes its bullish move. Stance ➡️ Breakout Above Consolidation Box ➡️ Pullback Toward Breakout Zone ➡️ EMA-20 Acting As Support ➡️ No Clear Bearish Divergence ➡️ EMAs Slowly Turning Bullish ➡️ Bullish Bias Remains Intact While Box Holds Price tells the story. For short updates: X @JustTechnicals_