US Dollar Index faces strong support at 100.60, break below targets 99.45
Major support – 100.60 The U.S dollar index breaks major support at 50% fibo level and declined till 100.76 at the time of writing. It is currently trading around 100.86. On the lower side any break below 100.60 will tak…
The U.S dollar index breaks major support at 50% fibo level and declined till 100.76 at the time of writing. It is currently trading around 100.86.
On the lower side any break below 100.60 will take the index down till 100/99.45.
The minor resistance is around 102.60 and any break above will take the index till 103/103.60. The index should close above 103.85 for further bullishness.
Short term bullish invalidation only below 98.
It is good to sell below 100.60 with SL around 101.15 for the TP of 99.45
