US Dollar Index breaks major resistance 101.75, jump till 102.95 likely
Major support – 99.25 Major resistance – 101.75 Major intraday support –100.60 U.S. Dollar index has broken major resistance 101.75 and jumped till 101.78 at the time ofwriting.It is currently trading around 101.75. On t…
U.S. Dollar index has broken major resistance 101.75 and jumped till 101.78 at the time ofwriting.It is currently trading around 101.75.
On the higher side, major resistance is around 101.75 and any break above will take the index till 102.06 (61.8% retracement of 103.82 and 99.23)/102.95 (Jan 1st 2017 high).
The major intraday support is around 101.11 (200- H MA) 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 101.60101.65 with SL around 101.10 for the TP of 102.95
