FxWirePro: US Dollar index trade idea

• Major support – 99.23 (Feb 2nd 2017 low).
   
• Major resistance - 100
   
• DXY tumbles to 1-1/2 month low after Trump failed to push through his health care act. The index breaks 99.23 major support and declined till 98.90.
   
• On the lower side, any break below 99.23 will drag the index down till 98.59/98 in the short term.
   
• The near term resistance is around 100 and any break above will take the index till 100.40 (21- day EMA) /100. 83 (55- day EMA).
  
  It is good to sell on rallies around 99.25-99.30 with SL around 99.60 for the TP of 98.60/98

Resistance                                                                                

R1-99.60                             

R2 -100

R3- 100.40

Support                   

S1-99.25                  

S2-98.60

S3-98