• Major support – 102.40 (10- day MA)
   
• The U.S dollar index has slightly recovered after declining till 102.59. The index took support near 10- day MA and is currently trading around 102.99.
   
• The index is facing resistance around 103.60 and any break above targets 105.
   
• On the lower side, any break below 102.40 (10- day MA) will drag the index down till 101.65 (21- day MA)/100.60.
   
• Short term bullish invalidation only below 98.
  
  It is good to buy on dips 102.45-50 with SL around 101.65 for the TP of 103.56/104.20