- Major resistance – 94.27 (Oct 6th 2017 high).
- US Dollar index is consolidating after hitting high of 94.02. The pair dipped till 93.68 and is currently trading around 93.87.
- The near term resistance is around 94.27 and any break above will take the pair till 94.60/95.
- The index major support is at 93.39 (55- day EMA) and any break below targets 93.10/92.60/92.23 (61.8% fibo)/91.62.
It is good to buy on dips around 93.70-75 with SL around 93.35 for the TP of 94.27/95.
