US Dollar Index breaks major resistance at 95.20, jump till 96.40 is possible

• Major resistance- 95.50 (May 19th 2016 high)
   
• Major support – 94.80 (55 day 4 H EMA)
   
• US Dollar index has surged past 95.50 and jumped till 95.54 at the time of writing. It is currently trading around 95.45.
   
• DXY breach of 95.50 confirms minor trend reversal .Break above 95.50 will take the index till 96.40/97.10.
   
• On the lower side minor support 94.80 (55 day 4H EMA) and any break below targets  94.20 (21 day MA)/93.60.

It is good to buy at dips around 95.25 with SL around 94.75 for the TP of  95.85/96.40.