The US Dollar Index (DXY) declined heavily last week, dropping below important moving averages and testing critical support at the 200-day simple moving average. This represents the worst weekly decline for the dollar since mid-June 2019. Next week it will be important to see how the dollar reacts around this key 200-day support level. The research recommends selling the dollar index at 97.12 with a target of 96.76 and stop-loss of 97.54.