Dollar index retesting the 99 handle - #dxy $dxy #forex $eurusd

We mentioned multiple times this week that the dollar index was likely to see some tailwinds as the current market environment for rates and inflation just favors the dollar. For this entire week, we have bottome out at the 98 handle and have steadily trended higher towards the 99 mark. We are currently only 20 points away from that target. And with the TA setting up to be a bull wedge to the upside, we believe it will be highly likely that once the dollar index retests that 99 handle, that it will likely break it on its way to the 100 zone.