US Dollar Index Technical Analysis: Extra gains face the next hurdle at the 98.00 mark

DXY has recently recorded fresh 2-month tops in the 97.80/85 band.
Extra buying impulse should lift DXY to 97.87, where emerges a Fibo retracement of the 2017-2018 drop. This is considered the last defence of a test of yearly peaks near 98.40.
Looking at the broader picture, the constructive outlook on the buck remains unchanged as long as the critical 200-day SMA at 96.85 holds the downside.

DXY daily chart

Jul 25, 2019

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