"US Dollar Index (DXY): Bearish Rejection at Key Resistance Zone

This chart for the US Dollar Index (DXY) on the 2-hour timeframe highlights a clear resistance zone around **109.034–109.278**, where price has rejected multiple times (marked by the orange circles). This indicates strong selling pressure at this level.

### Key Observations:
1. **Double/Triple Top Formation**: The repeated rejection around 109.034 suggests that sellers are defending this area.
2. **Bearish Bias**: The projection arrow indicates a potential bearish move from this resistance zone toward lower support levels around **108.380** and possibly further.
3. **Stop Loss Zone**: The red zone above 109.278 likely represents an invalidation level for any short positions. If price breaks and holds above this zone, it could signal further bullish momentum.
4. **Support Areas**: The highlighted zones below (around **108.380** and **108.000**) serve as potential profit-taking or reversal zones for shorts.

### Potential Trade Idea:
- **Sell Zone**: Around 109.034–109.278.
- **Target 1**: 108.380.
- **Target 2**: 108.000 (if momentum continues).
- **Stop Loss**: Above 109.278.

This aligns with a bearish rejection play at resistance. However, if DXY breaks above 109.278 with strong momentum, you might consider switching bias to bullish. Always watch for confirmation before entering!