The US Dollar Index is trading with a strong bullish bias during the day, supported by stability above the key pivot level at 98.00, reflecting continued buying strength in the market. As long as the index holds above this level, the upward scenario remains favored, with potential targets at 98.500 followed by 99.00 if bullish momentum persists.
On the other hand, if the index fails to maintain its position above 98.00 and starts to reverse, a corrective move may push it toward 97.500 and then 97.00, which are considered key support levels. Overall, staying above 98.00 increases the chance of retesting the 98.500 level in the near term.
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