FxWirePro: US Dollar index breaks minor trend line support, decline till 100.25 likely
Tuesday, April 11, 2017 1:11 PM UTC
- 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.