DXY has been having an amazing rally performance for 2022 to say the least ! That of course, due to Geo Political issues going on with the world. On Macro, money-printing has already destroyed masses pockets and savings ever since Covid took place back in March 2020 when it was labeled a Pandemic from WHO. It took two years for The Federal Reserve to come in to that conclusion openly, as previously it was just 'transitory inflation'. We have seen Markets Plunge while the strengthening of DXY continued with a mix of raised interest rates that were put to 0% from 2020 to the beginning of 2022. Some People say there's no correlation between DXY and the Markets, that is simply not true, just non sense and clearly no fundamental over that hypothesis.
@Farzana_22EUR long idea is meant for long term positioning according to it's TA with a SL at 0.96$ . Short term movements, everything depends on Geo Political moves and Macro Economics which may tumble EUR on winter causing it to lose 0.96$ . As per DXY I expect 111 to be a good shorting resistance area, but doesn't necessarily means it will stop there and not get high to 125 which is on the cards (counting winter season)