US Dollar Index Technical Analysis: Upside in the greenback stays capped by the 10-day SMA just below 97.20

• DXY remains trapped within a tight range around the 97.00 milestone so far this week.
• Following Monday’s sharp drop, the index has been trading in a consolidative fashion so far contained by the 96.80 area, where coincides the 21-day SMA, while gains remain unable to extend further north of the 10-day SMA in the 97.15/20 band.
• Furthermore, the positive view in the buck is expected to stay unchallenged while above the key 200-day SMA, today at 96.03.

DXY daily chart