US Dollar index has formed temporary top around 95.15 and started to decline from that level. The index dipped till 94.44 and is currently trading around 94.70. The near term resistance is around 95.19 (161.8% fibo) and …
US Dollar index has formed temporary top around 95.15 and started to decline from that level. The index dipped till 94.44 and is currently trading around 94.70.
The near term resistance is around 95.19 (161.8% fibo) and any break above will take the pair till 96/96.50.
The index major support is at 94.01 (100 day MA) and any break below targets 93.51 (55- day EMA)/93.10/92.60/92.23 (61.8% fibo).
It is good to buy on dips around 94.45-50 with SL around 93.98 for the Tp of 95.18/96.
