DXY - "Pullback or Breakdown? Key Levels to Watch!"

📉 Price Action Update: Key Levels to Watch

Currently, the price is trading within the 108 – 107.800 range. There are two potential scenarios to anticipate:

1️⃣ If the price continues to decline, we could see a drop toward 106.950.
2️⃣ Alternatively, a pullback from 108 could push the price toward 108.500 – 108.700 before resuming its downside move.

This analysis is based on DXY's price action on February 3rd, where it faced monthly timeframe resistance. Such a significant resistance level often leads to a short-term downtrend, especially on lower timeframes like the 1-hour chart.

📊 Stay alert to price reactions at these key levels! 🚀