US Dollar Index Technical Analysis: Holds the topside around 98.40 ahead of Powell

• The Greenback keeps the buying bias unchanged so far this week, although gains remain so far limited by the 98.50 region.
• Further upside should see the 2019 highs just below the 99.00 barrier retested in the near term if the buying impetus reignites on a positive surprise by Fed’s Powell later today.
• Above the short-term support line, today at 97.65, the immediate bullish stance remains intact.

DXY daily chart