FxWirePRO:DXY downside capped by 50% fibo, good to buy on dips

• The U.S dollar index has taken support near 50% fibo level and started to  jump slightly from that level. On the higher side any close above 102.40 (60- 4H EMA) will take the index ill 102.85 (61.8% retracement of 103.82 and 101.30)/103.60.It is currently trading around 101.85.
   
•  On the lower side, any break below 101.50 (50% retracement of 99.43 and 103.82) will drag the index down till 100.60. The index should close below 100.70 for further weakness and it is currently trading around 102.32.
   
• Short term bullish invalidation only below 98.

It is good to buy on dips around 101.50 with SL around 100.60 for the TP of 103/103.60.