FxWirePro: US Dollar index forms bullish divergence in daily chart, good to sell on rallies

• Major resistance - 101.12 (161.8% retracement of 99.12 and 95.89).
   
• Pattern formed – Bearish  Divergence.
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• The U.S dollar index has made a high of 100.04 and slightly declined from that level. It is currently trading around 99.80.
   
• In the daily chart the index has formed bearish divergence, so a slight decline till 98.84 (5- day MA)/98.12 (10- day MA).
   
• On the higher side, any break above 100.05 will take the pair till 100.50/101.12 (161.8% retracement of 99.12 and 95.89).

It is good to sell on rallies around 100.15-100.20 with SL around 101.15 for the Tp of 98.85/98.15