Short

U.S. Dollar Index (DXY) – Bearish Outlook with Key Levels

📉 Bearish Bias on U.S. Dollar Index (DXY) – 4H Chart

🔹 Resistance Zone & Stop Loss 🚫

📍 Resistance: 104.200 - 104.432

🛑 Stop Loss: 104.432 (Above resistance zone)

🔸 Support Zone 🛠️

📍 Intermediate Support: 103.300 (Possible bounce)

🔻 Target Point 🎯

📍 Target Price: 102.232 (Expected downside)

📊 Price Action Outlook:

✅ Bearish Scenario:

Price rejected from resistance 🔽

Lower highs forming ⚡

Breakdown expected toward 102.232 🎯

❌ Invalidation:

If price breaks above 104.432, bearish setup fails 🚫

🔥 Conclusion:

⬇️ Sell Bias below 104.200 targeting 102.232

❌ Cut losses if price closes above 104.432

Jameshead007

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Jameshead007

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