• Major support – 100.60
   
• Potential Reversal Zone (PRZ)- 100.30.
   
• DXY formed a bottom around 100.72 and jumped slightly from that level. It is currently trading around 101.16.
   
• The index major bottom is at 100.60 and any break below will drag the U.S dollar index till 100/99.45 (Dec 8th 2016 low).Any close below the low made on Dec 8th 2016 confirms further weakness , a decline till 95.89 (Nov 11th 2016 low)/95.
   
• The high made on Jan 11th 2017 (102.95) will be acting as minor resistance and above that level it will reach till multi-year high formed at 103.85.The minor resistance is around 101.90 (38.2% retracement of 103.82 and 100.72).
  
  It is good to sell on rallies around 101.55-60 with SL around 102.60 for the TP of 100.65/99.45