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  • The index remains well under downside pressure and it has extended the leg lower to the vicinity of the key support at 97.00 the figure, or monthly lows.
  • While sellers remain in control, the key support in the 97.00 region is expected to be challenged in the next sessions.
  • The bearish view and the probability of extra losses remain in place as long as the Greenback trades below the 200-day SMA.

DXY daily chart