US Dollar Index breaks major support 100.60, targets 99.45
Major support 100.60 The U.S dollar index breaks major support at 100.60 and declined till 100.46 at the time of writing. It is currently trading around 100.55. Any break below 100.60 confirms major weakness, a decline t…
The U.S dollar index breaks major support at 100.60 and declined till 100.46 at the time of writing. It is currently trading around 100.55.
Any break below 100.60 confirms major weakness, a decline till 99.45/98 is possible.
On the higher side minor resistance is around 101.35 (4 H Tenken-Sen) and break above will take the index till 102 (200- 4H EMA)/ 102.55 (61.8% retracement of 103.82 and 100.46)/103.
Short term bullish invalidation only below 98.
It is good to sell on rallies around 100.65-100.70 with SL around 101.35 for the TP of 99.45
