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- US Dollar index has formed temporary top around 95.15 and started to decline from that level. The index dipped till 94.44 and is currently trading around 94.70.
- The near term resistance is around 95.19 (161.8% fibo) and any break above will take the pair till 96/96.50.
- The index major support is at 94.01 (100 day MA) and any break below targets 93.51 (55- day EMA)/93.10/92.60/92.23 (61.8% fibo).
It is good to buy on dips around 94.45-50 with SL around 93.98 for the Tp of 95.18/96.
