US Dollar Index Technical Analysis: The immediate bullish view stays unchanged above 97.86

• DXY is struggling to resume the upside so far this week, falling within the familiar range around 98.40.
• The immediate bullish view stays unaltered for the time being while above the recent low at 97.86 and the key 55-day SMA at 97.91. This area of contention is also reinforced the the Fibo retracement of the 2017-2018 drop at 97.87.
• If the Greenback manages to regain upside traction it could attempt a test of last week’s peak at 99.10.

DXY daily chart