The US Dollar Index is trading with a positive intraday tone, holding above the key pivot level at 98.90, which reflects continued strength in the dollar and sustained buying interest. As long as the index remains above this level, the bullish scenario remains favored, with potential upside targets at 99.10 followed by 99.30 if upward momentum continues.
However, if the index fails to maintain its position above 98.90, a corrective decline may emerge, pushing it toward 97.60 and then 97.30, which represent important support levels. Overall, stability above 98.90 increases the likelihood of further gains toward 99.30 in the near term.
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