US Dollar Index Technical Analysis: Immediate target lines up at 97.87 ahead of 98.37

The index is attempting to break above the multi-session sideline theme today.
Immediately on the upside emerge recent tops in the 97.80/90 band. This area of initial resistance is reinforced by a Fibo retracement of the 2017-2018 drop at 97.87.
A surpass of this area is needed to reassert the upside pressure and allow for a test of the key barrier at 98.00 the figure and then 98.37, May peak.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	97.62
Today Daily Change	27
Today Daily Change %	0.04
Today daily open	97.58

Trends
Daily SMA20	97.65
Daily SMA50	97.2
Daily SMA100	97.34
Daily SMA200	96.95

Levels
Previous Daily High	97.66
Previous Daily Low	97.36
Previous Weekly High	98.11
Previous Weekly Low	97.21
Previous Monthly High	98.68
Previous Monthly Low	96.28
Daily Fibonacci 38.2%	97.47
Daily Fibonacci 61.8%	97.55
Daily Pivot Point S1	97.41
Daily Pivot Point S2	97.23
Daily Pivot Point S3	97.11
Daily Pivot Point R1	97.71
Daily Pivot Point R2	97.83
Daily Pivot Point R3	98.01

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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