US Dollar Index Steadies Above 100.50 with Bullish Bias

The US Dollar Index (DXY), which measures the greenback against a basket of six major world currencies, is steadying near 100.75 in early European trading. The index has maintained a bullish bias as it holds above the key support level of 100.50.

The current price action suggests that as long as the 100.50 support holds, the uptrend remains intact. Traders are monitoring further developments for potential breakout signals.