US Dollar Index trending higher
EUR/USD strength has pushed the Dollar Index higher, with new found support at $97.33. The creation of new highs and higher lows is new expected to continue, with price action confirmed by the stochastic oscillator. As the stochastic turns higher, the price too is expected to push higher, with $97.69 and $98.05 the two near-term resistance levels in view. Any move lower is likely to be capped by $97.33.