USD Dollar Index Technical Analysis: Greenback bulls counter-attack and reach 95.00 level

• The US Dollar Index (DXY) main bull trend is transitioning into a neutral one as DXY is coiling around 95.00 since late May.  
• DXY broke above 94.43-60 zone (August 28 swing low, 100-day SMA) and reached the 50-day simple moving average (DMA) near 95.00 figure.
• The RSI, MACD and Stochastics are picking up some steam suggesting bullish momentum. Targets to the upside are seen near 95.52 (August 6 high) and 95.65 (July 19 high).  A bear breakout below 93.71 (July 9 swing low) would invalidate the bullish bias.

DXY daily chart

Spot rate:                 94.99
Relative change:     0.81%
High:                        94.21
Low:                         95.00

Trend:                     Bullish

Resistance 1:         94.43-60 zone, August 28 swing low, 100-day SMA
Resistance 2:         94.91 July 27 high  
Resistance 3:         95.00 figure
Resistance 4:         95.24 July 13 high
Resistance 5:         95.52 August 6 high
Resistance 6:         95.65 July 19 high

Support 2:               93.71 July 9 swing low
Support 3:               93.17 June 14 swing low
Support 4:               92.24 May 14 swing low