• Major resistance – 100.03 (Apr 21st high).
   
• The index formed a minor top around 99.89 and declining from its high. DXY broken major support of 200- day MA and declined till 98.85 at the time of writing. It is currently trading around 98.90.
   
• On the higher side, US dollar index should close above 55- EMA for further bullishness. Any break above will take the index till 100.55/101.35. Short term trend reversal only above 101.35.
   
• The near term major support is around 98.50 and any break below will drag the index down till 98/97.33 (161.8% retracement of 98.50 and 99.89).
  
  It is good to sell on rallies around 99.35-99.40 with SL around 100.05 for the TP of 98.50/98.