• Major Resistance – 103.65 (DEC 20th 2016 high)
   
•  The U.S dollar index has made slight jump above 103.82 and declined from that level.The index should close above 103.65 for further bullishness and it is currently trading around 102.99.
   
• The index is facing resistance around 103.60 and any close above targets 104.80 (161.8% retracement of 103.65 and 101.91)/106.
   
• On the lower side, any break below 101.90 (trend line joining 95.89 and 99.43) will drag the index down till 100.60. The minor support is around 102.90 (10- day MA).
   
• Short term bullish invalidation only below 98.
  
  It is good to buy on dips around 103 with SL around 101.90 for the TP of 104.80/106.