DXY Rejection Incoming? Dollar Index Showing Signs of WeaknessU.S. Dollar Currency IndexTVC:DXYFrankAgboThe U.S. Dollar Index (DXY) is currently trading inside a rising structure, but price action is beginning to slow down near a key resistance zone. After a strong bullish recovery, the market may be preparing for a corrective move lower before the next major direction is confirmed. The ascending trendline has held price nicely, but buyers are losing momentum as DXY struggles to push aggressively higher. ### 🔍 Key Technical Observations: * Price is respecting the rising trendline * Multiple rejections near the **99.40 – 99.60** area * Bearish pressure increasing around resistance * Potential liquidity grab before a move lower ### 📉 Bearish Scenario: A confirmed break below the trendline could trigger a sharp decline toward the major support zone around **97.88**. ### 🎯 Target: * **97.88 support level** ### 🛑 Stop Loss: * Above **100.10** This setup could create strong opportunities across the forex market, especially for USD pairs. A weaker DXY may support bullish momentum on pairs like EURUSD, GBPUSD, and gold. Patience remains important here — confirmation is everything. Waiting for a clean structure break and bearish candle close could provide the safest entry. Will DXY continue climbing, or is the dollar about to lose strength? 👀 #DXY #DollarIndex #Forex #USD #PriceAction #TechnicalAnalysis #TradingView #SmartMoney #ForexTrading #ICT #DayTrading #SwingTrading