DXY : Poised for a major breakout U.S. Dollar Currency IndexTVC:DXYGivtrade_GroupHello Traders ! DXY’s next move will be a big catalyst on markets. DXY is looking poised for a major breakout. It has claimed above the 101$ , and has been consolidating before deciding its next move. Let’s breakdown the bullish and the bearish case 1- Bullish case , 102$ next; DXY has managed to form a series of Higher lows on the 4h timeframe since the beginning of the year. Price has most recently retested 100.6$ , which comes at the 50% level from the most recent higher lows. Price might retest the 618% at 100.36 but as long as this level holds then higher levels are expected. 2- Bearish case : break down below 100$ with strong imbalanced candles. This move would have to come with major fundamental news weakening the dollar such as increasing probabilities of rate cuts. For now Price action is the leading indicator. Hope you liked today’s analysis on DXY. Make sure to like and follow for more !