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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 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
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