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