FxWirePro:DXY breaks major support at 100,decline till 99.25 likely
Major support – 100 Minor intra day resistance – 100.40. DXY broken major psychological support of 100 at the time of writing. The index was trading between 100.06 and 102.26 for the past week. After six week of consolid…
DXY broken major psychological support of 100 at the time of writing. The index was trading between 100.06 and 102.26 for the past week.
After six week of consolidation the index broken the major support and declined till 99.97 at the time of writing.
Any break below 100 confirms minor weakness, a decline till 99.25 likely.
On the higher side, any break above 100.40 will take the index till 100.75/100.98 (100- day MA).
It is good to sell on rallies around 100-100.05 with SL around 100.41 for the TP of 99.30
