- US Dollar index has broken 94.27 high made on Oct 6th 2017. The index jumped till 95 and is currently trading around 94.99.
- The near term resistance is around 95 and any break above will take the pair till 95/96.50.
- The index major support is at 94.04 (100 day MA) and any break below targets 93.46 (55- day EMA)/93.10/92.60/92.23 (61.8% fibo).
It is good to buy on dips around 94.50 with SL around 94 for the TP of 96/96.50.
