US Dollar Index Technical Analysis: Bullish bias unchanged above support line at 97.98

• DXY clinched fresh 2019 highs near 99.40 on Tuesday, just to recede to the 99.00 neighbourhood afterwards.
• While the correction lower carries the potential to extend further in the near term, the upside bias is expected to persist as long as the support line, today at 97.98, underpins.
• A surpass of recent tops near 99.40 should open the door for a visit to 99.89 (May 2017 high) ahead of the psychological hurdle at 100.00 the figure.

DXY daily chart