US Dollar Index Technical Analysis: Rising bets for a test of the 97.00 area

• The index remains well under downside pressure and it has extended the leg lower to the vicinity of the key support at 97.00 the figure, or monthly lows.
• While sellers remain in control, the key support in the 97.00 regions is expected to be challenged in the next sessions.
• The bearish view and the probability of extra losses remain in place as long as the Greenback trades below the 200-day SMA.

DXY daily chart