FxWirePro: US Dollar index faces strong resistance at 200 4HMA, good to sell on rallies

• Major resistance – 95.90 (200 4H MA)
   
• US dollar index has broken major support at 95.70 (90 day EMA) and declined till 95.39 at the time of writing. It is currently trading at 95.41.
   
• On the lower side major support is around 95.29 (50% retracement of 97.57 and 93.02) and any violation below targets 94.77 in the short term.
   
• The major resistance is around 95.91 (200 4H MA) and any break above will take the pair to next level till 96.50 (daily Kijun-Sen)/97/9.60.

It is good to sell on rallies around 95.50-95.55 with SL around 95.95 for the TP of 95.29/94.78