**DXY Approaching Key Resistance – Potential Sell Setup**
This DXY 1-hour chart suggests a potential sell opportunity around the 108.400 resistance zone. The price is approaching the marked "Possible to sell zone," and the analysis indicates waiting for bearish confirmation before entering a short position.
Key Observations:
- **Resistance Zone:** 108.400 area acts as a key resistance, previously causing reversals.
- **Bearish Confirmation:** Suggested before entering a sell position.
- **Downside Targets:**
- **First Target:** 107.749
- **Second Target:** 107.444
- **Final Target:** 106.951
If price rejects this resistance with bearish price action, it could confirm a short setup. Conversely, a breakout above 108.400 may invalidate the bearish outlook.
Key Observations:
- **Resistance Zone:** 108.400 area acts as a key resistance, previously causing reversals.
- **Bearish Confirmation:** Suggested before entering a sell position.
- **Downside Targets:**
- **First Target:** 107.749
- **Second Target:** 107.444
- **Final Target:** 106.951
If price rejects this resistance with bearish price action, it could confirm a short setup. Conversely, a breakout above 108.400 may invalidate the bearish outlook.
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