Major support- 100
Major resistance- 102
DXY jumped sharply after the US PCE data. It hit a high of 101.64 and is currently trading around 101.57.
US core PCE came in at 2.6% y/y below the forecast of 2.7%. PCE core - 0.20% m/m vs 0.20% expected.
According to the CME Fed watch tool, the probability of a 50 bpbs rate cut in Sep increased to 69.50% from 66% a week ago.
On the lower side, near-term support is around 101.20 and the violation below will drag the index down to 100.60/100/99.57/99/98. Significant resistance is around 101.60, and breach above targets 102/102.75. Overall bearish invalidation is only above 103.
It is good to buy on dips around 101.20-25 with SL around 99.80 for a TP of 102.


FxWirePro: GBP/USD recovers some ground but bears are not done yet
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro- Major Crypto levels and bias summary
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro- Major Pair levels and bias summary
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95 



