Home US Dollar Index Technical Analysis: Still looks constructive above the support line at 98.14

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US Dollar Index Technical Analysis: Still looks constructive above the support line at 98.14

FX Street

Updated: 12 Sep. 2019 | 09:52

DXY has broken above the multi-session sideline theme and advanced to the 98.75/80 band.
If the upside impulse gathers extra pace the Greenback could extend the move and attempt a test of 2019 highs near 99.40 (September 3) in the short-term horizon.
However, if the ECB disappoints EUR-bears today, the index faces a potential drop and test of the key support line at 98.14 ahead of the 55-day SMA at 97.74.

DXY daily chart

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