• Major support – 99.23 (38.2% retracement of  103.82 and 91.92).
   
• Major intraday resistance – 100.15 (5- day MA).
   
• U.S. Dollar index recovered sharply after declining till 99.23. It is currently trading around 100.08.
   
• The index downside is capped by 38.2% fibo and any further weakness only below that level.           
        
• On the higher side, any break above 100.15 (10- day MA) will take the index till 100.60 (trend line joining 103.82 and 102.95)/100.85.
  
  The major support is around 99.23 (38.2% fibo) and any break below targets 98.85/98.30.
   
• Short term bullish invalidation only below 98.        
  
  It is good to buy on dips around 99.60 with SL around 99.20 for the TP of 100.60