US Dollar Index Technical Analysis: Recovery now targets the 97.80 area

FX Street

Updated: 17 Jul. 2019 | 09:32

The index remains in ‘recovery mode’ so far this week, extending the up move following the recent break above of the 97.00 barrier.
Immediately to the upside emerges monthly peaks near 97.60 ahead of June tops near 97.80.
Furthermore, above the 200-day SMA at 96.79 and the multi-month support line at 96.85, the constructive outlook remains unchanged.

DXY daily chart

FX Street

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