• Major support – 101.63 (50% of retracement of 99.43 and 103.82).
   
• The U.S dollar index recovered sharply from the low of 101.71.The index should close below 100.70 for further weakness and it is currently trading around 102.38.
   
• The index is facing resistance around 103.60 and any break above targets 105.


• On the lower side, any break below 101.63 (50% retracement of 99.43 and 103.82) will drag the index down till 100.60.
   
• Short term bullish invalidation only below 98.
  
  It is good to buy on dips around 102.25-102.30 with SL around 101.60 for the TP of 103.65