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US Dollar Index: DXY Struggles to Break 97.20 Area

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Forex Attack Teamhttps://forexattack.com
The Forex Attack Team researches and publishes thought-provoking news, analysis, and opinion pieces on the global financial markets. We provide in-depth coverage of forex, commodities, and indices.

Dollar Index 1-Hour Chart

The US Dollar Index (DXY) spent the early asian session in consolidation mode. Indecision shown around the 97.20 range. A break above the descending line could indicate further upward momentum. While a downward move that breaks the rising line from the June 10 low would be seen as significant.

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