US Dollar Currency Index (DXY): Weekly technical analysis

Technical Outlook: Bearish

- Reversal off trendline resistance and 96 psychological level
- Price will likely either consolidate or re test the 96 level prior to bearish continuation
- Dollar likely driven higher due to preemptive positioning and/or short covering ahead of the FOMC minutes this week (hawkish revisions) in addition to EUR & GBP weakness (Conte speech and EU warning letter to Rome)