Dollar Index Eyes Recovery as EUR/USD and GBP/USD Retreat
The US Dollar Index is currently trading at $100.03, attempting to break above its rising trendline and horizontal support at $99.42.
Price has surpassed the 100-day EMA at $99.91, but still faces resistance from the 50-day EMA at $100.29.
The Relative Strength Index (RSI) is around 44, indicating a path to recovery after being in weaker territory.