US Dollar Index Technical Analysis: Recovery now targets the 97.80 area

Dollar Index Spot Overview Today last price 97.39 Today Daily Change 13 Today Daily Change % 0.01 Today daily open 97.38 Trends Daily SMA20 96.77 Dai  |  17/07/2019 08:28
  • The index remains in ‘recovery mode’ so far this week, extending the up move following the recent break above of the 97.00 barrier.
  • Immediately to the upside emerges monthly peaks near 97.60 ahead of June tops near 97.80.
  • Furthermore, above the 200-day SMA at 96.79 and the multi-month support line at 96.85, the constructive outlook remains unchanged.

DXY daily chart

 

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