DXY Breaking Down?The US Dollar Index (DXY) may be entering a strong bearish wave. After completing wave B, the market has started impulsive wave C to the downside. Currently, wave 3 might be ending, with a potential short-term bounce for wave 4, followed by a drop into wave 5.
Key Bearish Outlook:
Resistance Zone (Wave 4): 104.924 โ 104.932
Invalidation Level: 106.505
Final Wave 5 Target: Near 93.422
If price stays below the invalidation level, more downside is expected. Watch for shorting opportunities if wave 4 completes and reverses.