FxWirePro: US Dollar Index faces strong support around 95.60, good to buy at dips

• Major resistance -97 (20 day 4 H EMA)
  
  
• Major support - 95.60  
  
  
• DXY has retreated after making a high of 98.42. It is currently trading around 96.69.
  
  
• Short term trend is slightly bullish as long as support 95.60 holds.
  
  
• On the lower side any break below 95.60 confirms minor trend reversal, a decline till 95/94.80/94.34 is possible.
  
  
• Any break above major resistance 97 will take the index till 97.60/98.05/98.60.

It is good to buy at dips around 96.20-96.25 with SL around 95.60 for the TP of 97.60/98.40