The dollar faces fundamental pressure as softer US economic data signals potential Fed easing. Weakness in the housing market—home prices negative YoY for the first time in three years—raises disinflation risk, while ADP reports 13,500 job losses and Retail Control sales contracted 0.1%, showing slowing consumer momentum. Money markets price an 80% probability of a December rate cut.
Key Levels: Support at 99.583 │ Resistance at 100.362
Investor Takeaway: Testing critical support at 99.583; bullish structure remains if the level holds. A rebound is possible, but a break below confirms continuation into a broader bearish trend.
