Dollar Index (#DXY): Bearish Outlook Explained

In our previous analysis on 📉Dollar Index we noted a persistently bearish outlook.
The price has broken a rising trend line and the neckline of a double top on the 4-hour chart.

Currently, it is testing the confluence zone created by these broken structures.

There is a strong likelihood that the pair will experience a decline shortly, with target levels at 105.70 and 105.43.