Ichimoku (Daily Chart)
Tenken-Sen- 95.08
Kijun-Sen -95.70
Trend reversal Level- 94.85
DXY has shown a recovery of more than 60 pips from the low of 94.88. It hits high of 95.56 and is currently trading around 95.31.
On the lower side, major support is around 94.85-88 (trend line support and 55- day EMA) and any break below targets 94.31/94/93.69.
The near term minor resistance is around 95.75 and any violation above will take the index till 96.25/96.98.
It is good to sell on rallies around 95.55-60 with SL around 96 for the TP of 94/93.69.
