US DOLLAR INDEX (DXY): Waiting For Breakout to SellThe Dollar Index is currently on a downward trajectory and is challenging a crucial support level. Upon testing this support, a bearish flag pattern emerged, resulting in the support line being breached and indicating a bearish inclination.
A breach below this support level would signify a strong indication for more downward movement. This would be confirmed by a 4-hour candle closing below 104.00, suggesting a possible extension of the bearish trend towards 103.60.