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Add as a preferred source on Google FxWirePro:US Dollar index breaks major support at 99.23, targets 98 Major support – 99.23 (Feb 2nd 2017 low). Major resistance - 100. DXY tumbles to 1-1/2 month low after Trump failed to push through his health care act. The index breaks 99.23 major support and declined till 99.04. On th…
By FxWirePro Team Mar 27, 2017, 8:23 AM UTC
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Major support – 99.23 (Feb 2nd 2017 low).
Major resistance - 100.
DXY tumbles to 1-1/2 month low after Trump failed to push through his health care act. The index breaks 99.23 major support and declined till 99.04.
On the lower side, any break below 99.23 will drag the index down till 98.59/98 in the short term.
The near term resistance is around 100 and any break above will take the index till 100.40 (21- day EMA) /100. 83 (55- day EMA).
It is good to sell on rallies around 99.25-99.30 with SL around 99.60 for the TP of 98.60/98
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