DXY Technical Outlook – Strong Support Test and Bullish Reversa

Chart Summary
The DXY (U.S. Dollar Index) chart illustrates a significant technical structure between strong historical support and resistance zones, with potential for a bullish reversal after a key level retest.

🟢 Key Support Zone: 99.000 – 98.000
📍 Labeled as "STRONG SUPPORT", this zone has held multiple times:

Previous bounce: Early 2023 ✅

Mid-2024 rebound ✅

Current price action once again shows a reaction from this level with a bullish candle forming 🔥

📌 EMA Confluence:

The 200 EMA (blue) sits at 102.401

The 50 EMA (red) at 103.725

Price is currently below both EMAs but near the 200 EMA, suggesting potential for a mean reversion bounce 📈

🔴 Resistance Zones to Watch:
Resistance Zone: 109.000 – 110.000
⛔ Historically rejected in late 2023 and again in early 2025
🧱 Acting as a supply zone — watch for rejection or breakout

ATH Supply Zone: 113.000 – 114.000
🚨 This is a major psychological and technical barrier
🫡 Marked as “NEW ATH” – would need strong momentum and fundamentals for a breakout above this level

📈 Price Action Expectations:
With strong support respected again, a bullish reversal toward 109.000 – 110.000 appears likely (as illustrated by the arrow).

If momentum continues, a retest of ATH zone is on the cards 🔭

However, a failure to hold support could lead to breakdown below 98.000 – watch closely 🔍

🧭 Strategic Insight
Bullish Bias while above support (98.000 zone)

Reversal Confirmation needed above 102.401 (200 EMA) and 103.725 (50 EMA)

Watch for rejection near 110.000 resistance before ATH test

📌 Final Note:
🧊 World Eyes on this Level – As highlighted on the chart, the current support area is under global observation, reinforcing its importance.
🕵️‍♂️ Stay alert for breakout volume and fundamental catalysts (e.g., Fed decisions, CPI, jobs data).