DXY (U.S. Dollar Index): Potential Upside Breakout on 4-Hour 📈

The DXY has completed a target of a previously identified channel pattern on the 4-hour timeframe.
A double bottom formation has emerged near the channel's support level.

➡️Analysis:

A retest of the double bottom's neckline (around 103.318) is anticipated.
A bullish breakout scenario is developing, with a potential upside move towards the target at 104.992 if support holds at the retest area.

➡️Key Levels:

Support: Double bottom neckline (103.318)
Resistance: Former channel resistance (104.992)

➡️Overall Bias:

Bullish based on the double bottom formation and potential breakout from the channel pattern.