FxWirePro: US Dollar index faces strong resistance at 97.60, good to sell on rallies

• Major resistance – 97.60 (trend line joining 96.79 and 97.32).
   
• Major support  - 96.70
   
• The index has retreated after making a high of 97.45 yesterday. It is currently trading around 96.95.
   
• Short term trend is slightly bearish as long as resistance 97.60 holds. Any break above 97.60 will take the index till 98.25/98.40 in the short term.
   
• On the lower side, any violation below 96.70 will drag the index down till 96.35 (trend line joining 95.34 and 95.83)/95.85.

It is good to sell on rallies around 97.10 with SL around 97.60 for the TP of 95.85.