- Pattern formed – Double Top (102.26).
- Major support –101.40 (21- day EMA).
- U.S. Dollar index formed a double top around 102.26 and decline slightly from that level. It is currently trading around 102.12.
- On higher side, next immediate resistance is around 102.26 (Mar 2nd 2017 high) and any break above will take the index till 102.95 (Jan 1st 2017 high)/103.82 (Jan 3rd 2017 high).
- The major intraday support is around 101.40 (21- day EMA) and any break below targets 100.60/100/99.25 (23.6% fibo).
- Short term bullish invalidation only below 98.
It is good to buy on dips around 102 with SL around 101.40 for the TP of 102.95/103.80


FxWirePro-Major European Indices
FxWirePro: EUR/NZD steadies ahead of ECB meeting
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level 



