US Dollar Index Technical Analysis: Still looks constructive above the support line at 98.14

DXY has broken above the multi-session sideline theme and advanced to the 98.75/80 band.
If the upside impulse gathers extra pace the Greenback could extend the move and attempt a test of 2019 highs near 99.40 (September 3) in the short-term horizon.
However, if the ECB disappoints EUR-bears today, the index faces a potential drop and test of the key support line at 98.14 ahead of the 55-day SMA at 97.74.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	98.62
Today Daily Change	11
Today Daily Change %	-0.01
Today daily open	98.63

Trends
Daily SMA20	98.36
Daily SMA50	97.87
Daily SMA100	97.6
Daily SMA200	97.12

Levels
Previous Daily High	98.74
Previous Daily Low	98.31
Previous Weekly High	99.38
Previous Weekly Low	98.08
Previous Monthly High	99.02
Previous Monthly Low	97.21
Daily Fibonacci 38.2%	98.58
Daily Fibonacci 61.8%	98.47
Daily Pivot Point S1	98.38
Daily Pivot Point S2	98.13
Daily Pivot Point S3	97.95
Daily Pivot Point R1	98.81
Daily Pivot Point R2	98.99
Daily Pivot Point R3	99.24

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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