The US Dollar Index is trading in a sideways intraday range, hovering around the key pivot level at 98.00, reflecting a balanced market with no clear directional momentum. As long as the index remains around this level, price action is expected to stay within a narrow range.
If the index moves higher, it may target 98.50 followed by 99.00, indicating a potential shift toward bullish momentum. On the other hand, if selling pressure emerges, the index could decline toward 97.500 and then 97.00, which represent important support levels. Overall, holding above 98.00 may support a retest of 98.50 in the near term.
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