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- Major support -95 (Aug 2nd low).
- The index has jumped till 95.99 and started to decline from that level. It is currently trading around 94.80
. - US Dollar index breaks major support 95 and declined till 94.76 at the time of writing.
- A break below 95 confirms minor weakness a decline till 94.07 (61.8% retracement of 97.57 and 91.92) /93 is possible.
- On the higher side, minor resistance is around 95.10 (100 day MA) and any break above will take the index to next level till 95.80/96.50.
- Overall bearish invalidation only above 97.60.
It is good to sell on rallies around 95.10 with SL around 95.80 for the TP of 94.07/93
