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US Dollar Index break major support 97.20, decline till 96.25/95.60 is possible

Thursday, February 4, 2016 10:20 AM UTC

Major support -97.20 (Dec 15^th 2015)
Dollar index has broken major support 97.20 and declined till 96.77 at the time of writing. It is currently trading around 96.80.
Any break below 97.20 confirms minor weakness, a decline till 96.25 (trend line joining 92.62 and 93.94) is possible below 96.25 will drag the index further down till 95.60/93.80.
On the higher side major resistance is around 97.85 and break above targets 98.30/98.70.
Overall bearish invalidation only above 100 level.

It is good to sell on rallies around 97.20 with SL around 97.85 for the TP of 96.25/95.60

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US Dollar Index break major support 97.20, decline till 96.25/95.60 is possible

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