US Dollar Index tests 0.618 support arc, eyes 98.55 breakdown
The US Dollar Index is pressing against a key Arc Cycle support on the 4-hour chart, with a bearish breakdown potentially targeting 98.55.
DXY
The US Dollar Index (DXY) is testing the 0.618 Support Arc within its current Arc Cycle on the 4-hour timeframe.
According to the technical setup, price is interacting with this support area, and a failure to hold could open the way for a bearish breakdown toward the next support level at 98.55.
The note frames the 0.618 arc as the immediate downside trigger; a confirmed break below it would put the 98.55 target in focus.
Source: FXStreet Forex News