• DXY remains offered and probes the sub-108.00 region.
• If the index accelerates its losses, it could retest the 107.60/55 band.

DXY starts the week on the negative foot and briefly drops to multi-week lows in the sub-108.00 region.

Despite the ongoing weakness around the dollar, its short-term bullish view remains in place as long as it trades above the 7-month support line around 106.10.

If sellers push harder, then a potential test of the weekly low at 107.58 (August 26) could start emerging on the horizon just ahead of the interim 55-day SMA at 107.25.

Looking at the long-term scenario, the constructive view in DXY remains unchanged while above the 200-day SMA at 101.39.

DXY daily chart