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- Major resistance -94.50 (50% retracement 97.86 and 91.03).
- US Dollar index has recovered slightly after hitting low of 92.75. It is currently trading around 93.21.
- The near term resistance is around 93.35 (55- day EMA) and break above targets 93.81 (61.8% retracement of 94.27 and 93.07) /94.29.
- The index major support is at 92.60 (trend line joining 91.01 and 91.53) and any close below targets 92.23 (61.8% fib)/91.62.
It is good to buy on dips around 93 with SL around 92.50 for the TP of 94.40/95.
