US Dollar Index Technical Analysis: The Greenback is surviving above the support line at 98.03

• DXY is down for yet another session on Thursday, coming under renewed selling pressure following Tuesday’s YTD tops near 99.40.
• The correction lower now carries the potential to extend further, in which case the next contention emerges at the 21-day SMA at 98.12.
• In the meantime, the upside bias is expected to persist while the support line, today at 98.03, underpins.

DXY daily chart