U.S. Dollar Index (DXY) | Forecast, News & Market Analysis
“U.S. Dollar Index (DXY) – an indicator of the U.S. Dollar’s strength against other major world currencies (EUR, JPY, GBP, CAD, SEK, CHF).”

In 2008, the U.S. Dollar Index hit a historical low, after which a long-term upward trend began. Since then, the price has been steadily moving within a broad ascending channel, demonstrating consistent growth.
In the near term, a minor correction is expected: it is most likely that the price will drop to the resistance area indicated on the chart.
Scenario Realization
The Euro Index (EXY) and the U.S. Dollar Index (DXY) have an inverse correlation.

On the Euro Index chart, as well as the EUR/USD currency pair, a global bullish scenario toward the key level is likely. If this scenario unfolds, the U.S. Dollar Index is expected to show an opposite downward price movement.
Scenario Realization