DXY (US Dollar Index) Analysis Daily Timeframe

DXY is currently sitting at a daily resistance level after a bullish run since last week.

we anticipate a potential move to the downside as the index shows signs of weakening, by creating a Doji candlestick, which indicates market indecision.

Remember: If the US Dollar Index turns bearish, EUR/USD and GBP/USD are likely to show bullish momentum.

Let's take a closer look at these pairs for potential buy setups.