FxWirePro: US Dollar index breaks minor trend line support, decline till 100.25 likely
Major resistance -102.25 The index shown a jump till 101.34 from the low of 98.86 made on Mar 27th 2017. It is currently trading around 100.83. US Dollar index breaks major intraday trend line support at 100.86 and decli…
The index shown a jump till 101.34 from the low of 98.86 made on Mar 27th 2017. It is currently trading around 100.83.
US Dollar index breaks major intraday trend line support at 100.86 and declined till 100.77 level. The index trades slightly below trend line a decline till 100.25 (Mar 31st 2017 low) is possible.
Minor bullishness can be seen only above 101.35 (50% retracement of 102.26 and 98.86). Any violation above 101.35 will take the index till 102.25/102.95 (Jan 11th 2017 high).
It is good to sell on rallies around 100.95-101 with SL around 101.35 for the TP of 100.25/100.
