DXY Breakout! Bullish Momentum Targets 103.6 and 107.4

The US Dollar Index (DXY) has just made a strong bullish breakout from the 99.05–100 demand zone, confirming a reversal from its recent downtrend. This region has acted as a high-volume node and key institutional accumulation zone, as highlighted by the LuxAlgo Supply & Demand Visible Range.

Key Technical Highlights:

Demand Zone: The 98.5–100.5 range showed significant volume buildup and price rejection, signaling strong buyer interest.

Breakout Confirmation: Price broke through minor resistance at 101.2 with strong momentum and a bullish candle close.

Next Target: Eyes on 103.621, the next key resistance zone. A break above may push DXY towards 107.467, aligning with a major supply area.

Volume Profile: Low volume between 101.2 and 103.6 suggests a potential quick move toward the next resistance.

Indicators: RSI trending up but not yet overbought. MACD shows early bullish crossover on the 4H timeframe.


Fundamentals to Watch:

Upcoming USD economic data (CPI, Retail Sales, FOMC minutes).

Risk-off sentiment globally could boost USD as a safe-haven play.


Trade Plan (Not Financial Advice):

Buy Zone: Already triggered breakout above 101.2.

TP1: 103.6

TP2: 107.4

SL: Below 99.8 to invalidate the breakout thesis.


What do you think? Will DXY continue its bullish move or face rejection around 103.6? Let’s discuss in the comments.