FxWirePro:US Dollar Index takes support near 10 –day MA, good to buy on dips
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 a…
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
