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Add as a preferred source on Google FxWirePro:Sell US Dollar Index below 100.65 Major resistance - 101.60 The U.S dollar index has made a temporary top around 101.48 and declined sharply from that level. It is currently trading around 100.89. The index is facing trend line resistance around 101 and …
By FxWirePro Team Nov 22, 2016, 11:44 AM UTC
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Major resistance - 101.60
The U.S dollar index has made a temporary top around 101.48 and declined sharply from that level. It is currently trading around 100.89.
The index is facing trend line resistance around 101 and any break above targets 101.48/102.02 (161.8% retracement of 101.48 and 100.65).
On the lower side, any break below 100.65 will drag the index down till 100/99.57.
Short term bullish invalidation only below 98.It is good to sell below 100.65 with SL around 101 for the TP of 100/99.57
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