Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: US Dollar Index upside capped by 55- day EMA, good to buy on dips

  • Major support – 98.86 (61.8% retracement of 95.89 and 103.82).
     
  • Major resistance – 100.70 (55- day EMA).
     
  • DXY recovered slightly till 100.73 after making a low of 100.25. It is currently trading around 100.63.
     
  • On the lower side, the minor support is around 100 and any break below 100 will drag the index down till 99.25/98.85 in the short term. 
     
  • The near term resistance is around 100.70 (55 –day EMA) and any close above will take the index till 100.97/101.40.


    It is good to buy on dips around 100.35-40 with SL around 100 for the TP of 100.97/101.40

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.