US Dollar Index Price Analysis: Upside still capped by 97.90

• Any bullish attempt in DXY faces a tough barrier at the 97.90 region.
• Above this area aligns the key 200-day SMA near 98.30.

DXY has started the week on a negative mood, shedding some ground and re-testing the 97.20/15 band.

If bulls regain the upper hand, the next target of relevance will emerge at the area of 97.90, where coincide monthly peaks and a Fibo retracement (of the 2017-2018 drop).

As long as the 200-day SMA, today at 98.36, caps the upside, further losses are still on the table for the dollar.

DXY daily chart