US DOLLAR INDEX (DXY): Local Bearish Reversal?!

We spotted a strong bearish reaction to a significant daily horizontal resistance on the 📉Dollar Index.

Following a test of the highlighted blue zone, the price began to consolidate and created a horizontal range on the 4-hour timeframe.

The support level was violated, indicating strength from the sellers. We anticipate a continuation of the bearish trend, potentially reaching 103.44.