USD Index Price Analysis: Further recovery targets the 107.10 area

-  DXY regains composure and adds to Monday’s rebound.

-  Once 106.00 is cleared, the index should shift its attention to 107.10.

DXY extends the rebound from Monday’s lows in the sub-105.00 zone and revisits the 105.70 region on Tuesday.

In case the buying interest gathers extra pace, the index could revisit the so far November high at 107.11 (November 1) ahead of the 2023 peak of 107.34 (October 3).

So far, while above the key 200-day SMA, today at 103.53, the outlook for the index is expected to remain constructive.

DXY daily chart