DXY Eyes 99.00 Target After Double Top Breakdown

The US Dollar Index (DXY) advanced 0.27% to around 100.23 in European trade on Friday, attempting to snap a three-day losing streak. The bounce followed a six-week low, providing a brief lift for the greenback.

Despite the intraday gain, the technical picture remains bearish. A double top pattern has triggered, with the breakdown targeting the 99.00 handle. The measured move suggests further downside once the decline resumes.

Traders will be watching whether the DXY can hold above 100 or if it renews its slide toward the pattern objective.