US Dollar Index Technical Analysis: Direction remains unclear so far. Support seen just above 97.00

• The greenback is trading within a sideline theme so far this week, coming under increasing selling pressure after surpassing the key 98.00 handle during last week.
• Extra downside should meet initial support at weekly lows at 97.15. This area of contention appears reinforced by the 55-day SMA at 97.07.
• In the meantime, the positive outlook is poised to prevail while above the critical 200-day SMA at 96.27.

DXY daily chart