US Dollar Index breaks minor resistance 100.85, jump till 101.50 likely
Major support – 98.86 (61.8% retracement of 95.89 and 103.82). Major resistance – 100.70 (55- day EMA). DXY facing strong resistance at 100.85 high made on Apr 5th 2017 and any break above confirms minor bullishness. It …
Major support – 98.86 (61.8% retracement of 95.89 and 103.82).
Major resistance – 100.70 (55- day EMA).
DXY facing strong resistance at 100.85 high made on Apr 5th 2017 and any break above confirms minor bullishness. It is currently trading around 100.92.
On the lower side, the minor support is around 100 and any break below 100 will drag the index down till 99.25/98.85 in the short term.
The near term resistance is around 100.85 and any close above will take the index till 100.97/101.40.
It is good to buy on dips around 100.60 with SL around 100 for the TP of 101.40/102.
