Expected Downward Movement for the Dollar Index on the Daily Timeframe

The Dollar Index continued its upward movement, reaching supply zones on the daily timeframe near the 99.700 level. The index has already begun to rebound from these identified supply zones.

These daily supply zones are considered strong reversal points and are expected to trigger a downward correction.

Expected Targets

Currently, we anticipate continued declines if the price remains below the daily supply zones and fails to break through them.

In the event of a downward move, we expect to see a test of the daily demand zones near the 98.850 level, as illustrated on the chart.

The current correction is considered temporary, as the long-term outlook still points to continued upward movement, unless the demand zones and the upward trend are broken, leading to a reversal of the current trend.