US Dollar at Pivotal Resistance - Bulls Eye BreakoutU.S. Dollar Currency IndexTVC:DXYFOREXcomThe US Dollar Index surged 0.9% since the Sunday open with the DXY rally breaking out of the February opening-range as war breaks out in Iran. The advance is now testing pivotal resistance here at 98.55/68- a region defined by the 61.8% retracement of the November decline, the August high-day close (HDC), and the May low. Watch today’s close with respect to this region with a breach / close above the 100% extension of the late-January advance at 98.93 ultimately needed to fuel the next major leg of the advance. Subsequent resistance objectives are eyed at the 78.6% retracement and the 2026 high-day close (HDC) at 99.36/38 and the December high at 99.57. Initial support now rests with the 200-day moving average (currently ~98.35) and is backed by 97.97/99- a region defined by the 50% retracement, the 61..8% extension, and the February opening-range highs. Near-term bullish invalidation rests just lower at the objective weekly / monthly open at 97.87. Bottom line: The US Dollar breakout is testing resistance today and the focus is on possible inflection of this zone in the days ahead. From a trading standpoint, losses should be limited to the 98-handle IF price is heading higher on this stretch with a close above 98.93 needed to fuel the next major leg of the advance. -MB