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.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	98.09
Today Daily Change	39
Today Daily Change %	-0.28
Today daily open	98.37

Trends
Daily SMA20	98.37
Daily SMA50	97.9
Daily SMA100	97.6
Daily SMA200	97.13

Levels
Previous Daily High	99.11
Previous Daily Low	98.19
Previous Weekly High	99.38
Previous Weekly Low	98.08
Previous Monthly High	99.02
Previous Monthly Low	97.21
Daily Fibonacci 38.2%	98.54
Daily Fibonacci 61.8%	98.76
Daily Pivot Point S1	98
Daily Pivot Point S2	97.64
Daily Pivot Point S3	97.08
Daily Pivot Point R1	98.92
Daily Pivot Point R2	99.48
Daily Pivot Point R3	99.84

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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