Ichimoku (Daily Chart)
Tenken-Sen- 95.08
Kijun-Sen -95.70
Trend reversal Level- 94.85
DXY is trading weak for two consecutive days. The pair lost more than 60 pips from the high of 95.74 level. It hits low of 94.93 and shown a minor recovery. It is currently trading around 95.08.
On the lower side, major support is around 94.85 (55- day EMA) and any break below targets 94.31/94.
The near term major resistance is around 95.75 and any violation above will take the index till 96.25/96.98.
It is good to sell on rallies around 95.10-15 with SL around 95.45 for the TP of 94.31.
