Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro:US Dollar Index breaks trend line resistance at 101.27, jump till 102.95 likely

  • Major support – 99.25
     
  • Major resistance – 101.27 (trend line joining 100.72 and 101.01).
     
  • Major intraday support –100.64 (21- day EMA).
     
  • U.S. Dollar index broken major trend line resistance at 101.27 and jumped slightly from that level. It is currently trading around 101.47.
     
  • On the higher side, any close above 101.27 (trend line joining 100.72 and 101.02) will take the index till 101.73/102.06 (61.8% retracement of 103.82 and 99.23)/102.95 (Jan 1st 2017 high).
  • The major support is around 100.64 (21- day EMA) and any break below targets 100/99.25 (23.6% fibo)/98.85/98.30.
     
  • Short term bullish invalidation only below 98.    

    It is good to buy on dips around 100.60 with SL around 100 for the TP of 101.02/101.75.
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.