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

Dollar Index Spot Overview Today last price 98.62 Today Daily Change 11 Today Daily Change % -0.01 Today daily open 98.63 Trends Daily SMA20 98.36 Da  |  12/09/2019 08:52
  • 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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