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  • The index is resuming the weekly upside following Monday’s pullback and it has returned to the area of 98.30, where sits the key 55-day SMA.
  • Extra losses are likely to find moderate support in the 97.90 region, where coincide a Fibo retracement of the 2017-2018 drop and he 100-day SMA.
  • In the meantime, while above the critical 200-day SMA in the mid-97.00s, the outlook on the greenback should remain constructive.

DXY daily chart