DXY: Assessing the US Dollar Trend

The US economy is showing promising signs of a decrease in inflation this month. This is due to the decrease in unemployment rates and an increase in employment rates, as well as a decrease in the Personal Consumption Expenditures (PCE) index. As a result, it is highly likely that the Consumer Price Index (CPI) will drop both on a month-on-month and yearly basis. Technically speaking, the price of DXY has been supported on a major support level. However, there are still weak bullish signs for the US dollar in recent days, and the price on the daily timeframe has been rejected twice. Based on these factors, it is possible that the price of DXY may continue its bearish trend in the future.

Targets: 102.532 >>>> (correction), 101.823,100,98.....

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