US Dollar Index Technical Analysis: Extra upside looks likely above the short-term support line

DXY is extending the weekly recovery from Friday’s sharp sell-off and it has already regained the key barrier at 98.00 the figure.
The next target on the upside remains at 98.50, last week’s high. A clear of this area on a sustainable fashion should pave the way for a potential visit to 2019 tops in levels just shy of 99.00 the figure.
In the short-term horizon, extra gains are expected to remain bolstered by the immediate support line (off June’s low), today at 97.80.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	98.13
Today Daily Change	17
Today Daily Change %	0.11
Today daily open	98.02

Trends
Daily SMA20	97.97
Daily SMA50	97.41
Daily SMA100	97.46
Daily SMA200	97.03

Levels
Previous Daily High	98.05
Previous Daily Low	97.86
Previous Weekly High	98.45
Previous Weekly Low	97.59
Previous Monthly High	98.68
Previous Monthly Low	96.28
Daily Fibonacci 38.2%	97.93
Daily Fibonacci 61.8%	97.98
Daily Pivot Point S1	97.9
Daily Pivot Point S2	97.79
Daily Pivot Point S3	97.71
Daily Pivot Point R1	98.09
Daily Pivot Point R2	98.17
Daily Pivot Point R3	98.28

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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