FxWirePro: US Dollar Index trades below trend line support at 93, good to sell on rallies

• Major trend line resistance- 93.85 (trend line joining 102.97 and 101.26).
   
• DXY is trading slightly weak and broken major trend line support 93. The index declined till 92.64 at the time of writing. It is currently trading around 92.75.
   
• Technically any daily close below trend line support of 93 confirm minor weakness and a decline till 92/91.02 is possible.
   
• The huge jump on the higher side is possible only above trend line resistance at 93.85. The index should close on daily basis above 94.05 for further jump till 95.15. Short term trend reversal only above 95.25 (38.2% retracement) and any violation above will take the pair to 96/97.50. The minor resistance is around 93.60 (55- day EMA).

It is good to sell on rallies around 92.85-90 with SL around 93.35 for the TP of 92/91.60.