US Dollar Index Technical Analysis: Regains some poise above the 200-day SMA

• DXY continues to recover ground lost in the last couple of weeks, managing to retake the key area above the 200-day SMA and print 3-day high in the 97.60 region.
• Above this key level, the upside bias should be restored, allowing for further gains to, initially, the 55-day SMA near 98.30.
• In case sellers regain the upper hand, a potential test of 97.00 the figure (and probably) below should not be ruled out.

DXY daily chart