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- Major support – 99.25
- Major intraday support –100.60
- U.S. Dollar index has declined slightly after jumping till 101.79 yesterday .It is currently trading around 101.62.
- On the higher side, next immediate resistance is around 101.79 (61.8% retracement of 102.258 and 101.01) and any break above will take the index till 102.26 (Mar 2nd 2017 high) 102.95 (Jan 1st 2017 high). The minor resistance is around 101.50/102.06.
- The major intraday support is around 101.05 (55- day EMA) and any break below targets 100.60/100/99.25 (23.6% fibo).
It is good to buy on dips around 101.50 with SL around 101 for the TP of 102.20/102.95
