US Dollar Index Price Analysis: Interim hurdle aligns at 97.87

• DXY is adding to Tuesday’s gains and flirts with the 97.00 mark.
• The next target on the upside is located at 97.87.

DXY has regained some poise following a pessimistic start of the European session on Wednesday.

If the recovery picks up a more serious tone, then the recent peaks in the 97.40 region should emerge as the next short-term target ahead of the Fibo level (of the 2018-2018 drop) at 97.87.

The recovery is seen as corrective-only as long as the 200-day SMA, today at 98.40, caps the upside.

DXY daily chart