The US Dollar Index is trading with a clear bullish bias during the day, supported by stability above the key pivot level at 98.00, reflecting strong buying momentum in the market. As long as the index remains above this level, the upside scenario remains favored, with potential targets at 98.500 followed by 99.00 if bullish momentum continues.
On the other hand, if the index fails to hold above 98.00 and starts to reverse, a corrective move may occur toward 97.500 and then 97.00, which are considered key support levels. Overall, maintaining trading above 98.00 keeps the bullish outlook intact and increases the chance of retesting the 98.500 level in the near term.
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