- US Dollar index has recovered mildly till 92.08 yesterday after making a low of 91.01 level. It is currently trading around 91.86.
- Short term trend is still weak as long as resistance 92.63 (20- day MA and also trend line resistance) holds.
- Any violation above 92.63 will take the pair to next level 93/93.60/94.15/95 in the short run. The minor resistance is around 91.82/92.27.
- The index major support is at 91 low made yesterday and break below targets 90.
It is good to sell on rallies around 92.50-55 with SL around 93 for the TP of 91/90.
