US DOLLAR INDEX(DXY): Bearish Outlook The Dollar Index is currently experiencing a downward trend on a global scale. After reaching a new low earlier this month.
The market has begun a corrective movement within a bearish flag pattern. Yesterday, the price broke below its support and closed below it.
It is likely that the pair will continue to drop and reach a new low soon. The target range is between 104.33 and 104.07.