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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 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.       
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