US Dollar Index Technical Analysis: Recovery now targets the 97.80 area

• The index remains in ‘recovery mode’ so far this week, extending the up move following the recent break above of the 97.00 barrier.
• Immediately to the upside emerges monthly peaks near 97.60 ahead of June tops near 97.80.
• Furthermore, above the 200-day SMA at 96.79 and the multi-month support line at 96.85, the constructive outlook remains unchanged.

DXY daily chart