US Dollar Index Technical Analysis: Target is now last week’s peak at 99.10

The recovery in DXY is facing some headwinds in the 98.60 region following Monday’s strong bounce off lows near 97.80.
The continuation of the buying pressure should take the Greenback to visit last week’s tops in the 99.10 region.
Looking at the broader picture, while above the critical 200-day SMA at 97.12, the constructive bias is expected to remain unaltered.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	98.62
Today Daily Change	16
Today Daily Change %	-0.02
Today daily open	98.64

Trends
Daily SMA20	98.38
Daily SMA50	97.94
Daily SMA100	97.61
Daily SMA200	97.14

Levels
Previous Daily High	98.71
Previous Daily Low	98.04
Previous Weekly High	99.11
Previous Weekly Low	97.99
Previous Monthly High	99.02
Previous Monthly Low	97.21
Daily Fibonacci 38.2%	98.45
Daily Fibonacci 61.8%	98.3
Daily Pivot Point S1	98.22
Daily Pivot Point S2	97.79
Daily Pivot Point S3	97.55
Daily Pivot Point R1	98.89
Daily Pivot Point R2	99.13
Daily Pivot Point R3	99.56

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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