US Dollar Index Price Analysis: Interim hurdle remains at 100.49

• DXY is consolidating the breakout of the key 100.00 mark.
• The next hurdle emerges at the Fibo retracement at 100.49.

DXY has managed to reclaim the critical triple-digit barrier earlier in the week, although it has failed to surpass the 100.25/30 band for the time being.

While bulls are in control of the sentiment, then the focus of attention will shift to the Fibo retracement (of the 2017-2018 drop) at 100.49, ahead of the April’s top just below 101.00 the figure.

Further out, the 200-day SMA in the 98.30/35 band is expected to hold the downside in the short-term horizon.

DXY daily chart