US Dollar Index Technical Analysis: Constructive bias supported by the 55-day SMA at 98.11

• DXY has started the week on a positive note and manages well to keep the trade above the recently broken 99.00 barrier for the time being.
• The continuation of the buying pressure around the Greenback should see the 2019 high near 99.40 re-tested any time soon ahead of May 2017 high at 99.89.
• The immediate bullish view in the index is expected to remain unchanged while above the key 55-day SMA, today at 98.11.

DXY daily chart