US Dollar index Trade idea

Major resistance – 95.90 (200 4H MA)

US dollar index has broken major support at 95.70 (90 day EMA) and declined till 95.39 at the time of writing. It is currently trading at 95.41.

On the lower side major support is around 95.29 (50% retracement of 97.57 and 93.02) and any violation below targets 94.77 in short term.

The major resistance is around 95.91 (200 4H MA) and any break above will take the pair to next level till 96.50 (daily Kijun-Sen)/97/9.60.

It is good to sell on rallies around 95.50-95.55 with SL around 95.95 for the TP of 95.29/94.78

R1- 95.91

 R2-96.50

 R3-97

Support

S1-95.30

S2-94.75

S3-94