US Dollar index Trade idea

• Major resistance- 95.75 (55 day EMA).
   
• Major support – 95
   
• US dollar index declined till 95 yesterday and slightly jumped from that level.  It is currently trading around 95.69.
   
• The index is facing strong resistance at 55 day EMA and any break above targets 96.40/97/97.60 in the short term.
   
• On the lower side, any break below 95 will drag the index down till 94.70/94.30.
   
• Overall major trend reversal level 97.60.

It is good to buy above 95.75 with SL around 95.30 for the TP of 96.40/97.

R1- 95.75

 R2-96.40

 R3-97

Support

S1-95.30

S2-94.70

S3-94