US Dollar Index Technical Analysis: Target is now last week’s peak at 99.10

• The recovery in DXY is facing some headwinds in the 98.60 region following Monday’s strong bounce off lows near 97.80.
• The continuation of the buying pressure should take the Greenback to visit last week’s tops in the 99.10 region.
• Looking at the broader picture, while above the critical 200-day SMA at 97.12, the constructive bias is expected to remain unaltered.

DXY daily chart