Home US Dollar Index Technical Analysis: The Greenback meets resistance near 97.90

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US Dollar Index Technical Analysis: The Greenback meets resistance near 97.90

FX Street

Published date: 28 Oct. 2019 | 11:17

The recovery in the index met a tough hurdle near 97.90, where aligns a Fibo retracement of the 2017-2018 decline.
DXY has regained the constructive outlook after clearing the key 200-day SMA last week, today at 97.41.
That said, the next target is now at the 55-day SMA at 98.35 ahead of 99.25 (October 8^th).

DXY daily chart

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