US Dollar Index faces strong support around 96.25, break below targets 94

• Major support - 96.25 (trend line joining 92.62 and 93.84)
   
• The index has taken support near trend line and started to jump from that level. It is currently trading around 96.71.
   
• Short term trend is slightly weak as long as resistance 97.60 holds. Any break above 97.60 will take the index till 98.05/98.50.
   
• The major support is at 96.25 and any break below 96.25 will drag the pair down till 95.57/94

It is good to sell on rallies around 96.80-96.90 with SL around 97.60 for TP of 96.25/95.50