US Dollar Index Technical Analysis: Scope for a retracement to the Fibo retracement at 97.87
|- DXY has resumed the downside and is now challenging the key support at 98.00 the figure.
- A deeper pullback should see the 97.90/85 band retested, where coincide a Fibo retracement and weekly lows.
- Looking at the broader picture, while above the critical 200-day SMA at 97.11, the constructive bias should remain unchanged.
DXY daily chart
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