Expected Scenarios for the US Dollar Index (Daily Timeframe)

The US Dollar Index has managed to break the daily uptrend after emerging from a distribution phase on the daily timeframe.

Currently, the index is retesting significant, strong supply zones on the daily timeframe, presenting us with several potential scenarios for its upcoming movement.

Expected Scenarios

Scenario 1: A renewed decline to test support levels near 98.300, occurring if the price rebounds from the current supply zones and strong bearish signals emerge.

Scenario 2: Continued upward movement targeting higher supply zones, occurring if the price strongly breaks through the current supply zones and closes above them with a bullish daily candle.