FxWirePro: US Dollar Index takes support near 233- day MA, good to buy on dips
Major support – 91 (223 –day MA). US Dollar index recovered sharply after hitting low of 91.53. It is currently trading around 92.58. Short term bullishness can be seen only above 92.73 (34- day EMA).Any violation above …
US Dollar index recovered sharply after hitting low of 91.53. It is currently trading around 92.58.
Short term bullishness can be seen only above 92.73 (34- day EMA).Any violation above 92.73 will take the pair to next level 93.11/93.60/94.15/95 in the short run. The minor resistance is around 91.82/92.27.
The index major support is at 91(Sep 8th low)-91.18 (233- day MA) low made yesterday and break below targets 90.
It is good to buy on dips around 92 with SL around 91.50 for the TP of 92.75/93.35
