US Dollar clings to gains near 94.60

The greenback, tracked by the US Dollar Index, is holding on to its daily gains around the 94.60 area following the opening bell in Euroland.

US Dollar looks to US data

The index is posting gains for the first time after two consecutive sessions with losses, although it keeps the trade within the recent range, reflecting the absence of a clear direction in the global markets.

Later in the NA session, US Existing Home Sales and the API’s weekly report on crude oil inventories are only expected, while market participants keep looking at the Yellen’s speech at Jackson Hole as the salient event of this week.

US Dollar relevant levels

The index is gaining 0.09% at 94.63 and a surpass of 94.78 (61.8% Fibo of July-August drop) would open the door to 95.35 (20-day sma) and finally 96.50 (high Aug.5). On the flip side, the immediate support lines up at 94.37 (support trendline off 2016 low) followed by 93.03 (low Jun.23) and then 91.88 (2016 low May 3).