US Dollar Index breaks major support 97, decline till 95.60 is possible

• Major resistance -97.60 (55 day 4 H EMA)
   
• Major support - 97
   
• DXY has broken major support 97 and declined till 96.90 at the time of writing. It is currently trading around 96.94.
   
• Short term trend is bearish as long as resistance 97.60 holds.
   
• On the lower side any break below 97 confirms minor trend reversal, a decline till  96.35/95.60 is possible .
   
• Any break above major resistance 97.60 will take the index till 98.05/98.60.

It is good to sell on rallies around 97-97.10 with SL around 97.60 for the TP of 96.35/95.60