US Dollar Index Technical Analysis: Immediate target lines up at 97.87 ahead of 98.37

• The index is attempting to break above the multi-session sideline theme today.
• Immediately on the upside emerge recent tops in the 97.80/90 band. This area of initial resistance is reinforced by a Fibo retracement of the 2017-2018 drop at 97.87.
• A surpass of this area is needed to reassert the upside pressure and allow for a test of the key barrier at 98.00 the figure and then 98.37, May peak.

DXY daily chart