US Dollar Index Price Analysis: The 98.00 region looms closer

The bull run in DXY advances further north of the 200-day SMA.
The dollar has regained the near-term positive outlook.

Pablo Piovano FXStreet

DXY keeps the positive mood at the beginning of the week and continues to target the 98.00 neighbourhood and beyond in the short-term horizon.

The 100-day SMA and a Fibo retracement of the 2017-2018 drop are offering some resistance in the 97.90 region, or yearly highs.

Above this area, the index should target the 98.00 mark ahead of November’s peaks in the mid-98.00s.

DXY daily chart

Dollar Index Spot

Overview
Today last price	97.88
Today Daily Change	16
Today Daily Change %	0.01
Today daily open	97.87

Trends
Daily SMA20	97.22
Daily SMA50	97.5
Daily SMA100	97.89
Daily SMA200	97.73

Levels
Previous Daily High	97.95
Previous Daily Low	97.67
Previous Weekly High	97.95
Previous Weekly Low	97.39
Previous Monthly High	98.38
Previous Monthly Low	96.35
Daily Fibonacci 38.2%	97.84
Daily Fibonacci 61.8%	97.78
Daily Pivot Point S1	97.71
Daily Pivot Point S2	97.55
Daily Pivot Point S3	97.43
Daily Pivot Point R1	97.99
Daily Pivot Point R2	98.11
Daily Pivot Point R3	98.27

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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