US DOLLAR INDEX - Key Breakout or Just a Relief Pump?

DXY

Not gonna lie, this chart looks like the dollar is walking on thin ice right now. Price just slipped under that 50 EMA after failing to pierce their high at 100.360

We've still got that solid support parked near 98.030 and if that gives way we will keep pointing straight down to the 96.3 liquidity shelf from mid-year.

The structure kinda screams “lower highs, lower strength,” and that supply zone up at 101.977 is still untouched, just chilling up there like a concrete slab ceiling.

And honestly… I’m not even big on following economic news, but lately I keep seeing about higher living costs and ‘soft landing’ things, so part of me feels like the $$ might be leaning bear by that alone. Am I the only one seeing that no? lol