• Pattern formed: Bullish Butterfly pattern
   
• Potential Reversal Zone (PRZ) - 99.90
   
• DXY broken the pschycological level of 100 yesterday and declined till 99.90 yesterday. It is currently trading around 100.40.
   
• In the hourly chart , DXY has formed a bullish Butterfly pattern and got completed at 99.90 level.
   
• On the higher side, minor resistance is around 100.67 (100- H EMA) and any break above will take the index to next level till 101.40 (38.2% retracement of 103.82 and 99.90)/101.73 (Jan 19th 2017 high).
   
• The major support stands at 99.90 low made yesterday and any break below will drag the index till 99.40/98.60.
  
  It is good to buy on dips around 100.15-100.20 with SL around 99.60 for the TP of 101/101.40.