FxWirePro: US Dollar Index trades above 20- day MA, jump till 93.35 likely
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 w…
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.
