DXY Under Pressure: Breakdown Incoming Below 99.00?

After testing the 102 resistance zone in mid-May, the DXY resumed its downward move, dropping back into the 98.50–99.00 support zone.

The brief spike above the psychological 100 was quickly rejected, and price has since rolled over — currently trading around 99.27 at the time of posting.

🔻 The downside pressure is strong, and a break below support looks imminent.

If that break occurs:

🎯 Short-term target: 98 (approx. 1% drop)

📉 Medium-term potential: A deeper decline toward 95