US Dollar Index Loses Traction near 23.6% Fibonacci at 100.85

The US Dollar Index (DXY) is attracting selling pressure after a brief uptick on Friday, stalling its recovery from a nearly one-month trough. The index is currently losing traction near the 23.6% Fibonacci retracement level, around the 100.85 mark.

This pullback follows a bounce from the 100.35 region, which marked the lowest point in nearly a month. The emergence of sellers at this Fibonacci level suggests resistance is forming, potentially limiting short-term upside for the greenback.