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- U.S dollar index has slightly recovered after hitting low of 93.15 at the time of writing. It is currently trading around 93.61.
- In the daily chart, index upside capped by 10 day MA at 94.35 and any break above will take the DXY till 95.03 (21- day EMA)/96.10 (61.8% fibo).
- On the lower side, any close below 93 will drag the index till 91.92/90 in the short term.
- Short term bearish invalidation only above 97.87.
It is good to sell on rallies around 93.75-93.80 with SL around 94.35 for the TP of 93/91.92
