DXY Breakdown Opens Path to 99.00

The US Dollar Index (DXY) has broken down from a double top pattern, exposing a downside target of 99.00, according to technical analysis.

The breakdown below the neckline confirms the bearish reversal and signals further weakness for the greenback.

The measured move points to the 99.00 region, a level that has not been seen in several months, with immediate support now at 100.00.