DXY Bullish Reversal Formation

US dollar index, after moving in a downtrend, has started a consolidation phase and is making higher lows seems like it is making a bullish reversal pattern.

Currently, price is approaching to the red resistance zone around 102.730 which is an important level for us and we should wait to see if an upside breakout will happen on it or not.

Since there is no higher high yet, we consider the price movement bearish, but if price breaks the red resistance and make a higher high, we can expect a rise on DXY at least towards the next major high around 103.260