The US Dollar Index is showing strong bullish momentum during today’s trading session, as the price continues to move in an upward trend above the pivot point at 97.50, supporting the chances of further gains.
According to the main scenario, if the upward movement continues and the index remains above 97.50, it is expected to target the 98.00 level first, followed by 98.50.
In the alternative scenario, if the price reverses downward and falls below 97.50, the index may move toward the 97.00 level and then 96.50.
Holding above the 97.50 level could support a retest of the 98.00 level, while the overall trend remains positive.
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