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Add as a preferred source on Google FxWirePro: US Dollar Index Daily Outlook DXY has broken minor resistance at 97.56 and jumped till 97.87 yesterday. It is currently trading around 97.61. On the higher side, near term resistance is around 98.07 (May 18th high) and any break above will take the i…
By FxWirePro Team Jun 21, 2017, 1:02 PM UTC
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DXY has broken minor resistance at 97.56 and jumped till 97.87 yesterday. It is currently trading around 97.61.
On the higher side, near term resistance is around 98.07 (May 18th high) and any break above will take the index till 98.88 (89- 4H EMA)/99.25.
On the lower side, major support is around 96.40 (61.8% fibo) and any break below will take the index down till 95.90/95.
Short term bullish invalidation only below 95.90.
It is good to buy on dips around 97.50 with SL around 97 for the TP of 98.07/98.80.
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