- Major resistance – 92.70 (34- day EMA).
- US Dollar index recovered sharply after hitting low of 91.53. It is currently trading around 92.97.
- The index is trading well above 34- day EMA at 92.70.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 low made yesterday and break below targets 90. The minor support is around 92.30/91.50.
It is good to buy on dips around 92.55-60 with SL around 93.35 for the TP of 93.35/94.15.
