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$USD1 INDEX BEARISH SETUP ANALYSIS
The dollar index shows signs of exhaustion after an extended bullish phase, as market sentiment shifts amid expectations of rate adjustments by the Federal Reserve. Technical indicators reflect weakening momentum, hinting at a possible correction ahead. A confirmed break below support may trigger further downside movement.
Entry (Short): Below 104.80 after breakdown confirmation
Target (TP1): 104.20
Target (TP2): 103.70
Target (TP3): 103.10
Stop Loss (SL): Above 105.30 resistance
#USDINDEX #BearishSetup #TechnicalAnalysis #ForexOutlook #MarketUpdate
$USD1
The dollar index shows signs of exhaustion after an extended bullish phase, as market sentiment shifts amid expectations of rate adjustments by the Federal Reserve. Technical indicators reflect weakening momentum, hinting at a possible correction ahead. A confirmed break below support may trigger further downside movement.
Entry (Short): Below 104.80 after breakdown confirmation
Target (TP1): 104.20
Target (TP2): 103.70
Target (TP3): 103.10
Stop Loss (SL): Above 105.30 resistance
#USDINDEX #BearishSetup #TechnicalAnalysis #ForexOutlook #MarketUpdate
$USD1
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