Major resistance – 100.50 (Nov 30th high)
US Dollar index has made temporary top around 100.51 and declined from that level. Overall trend is slightly bullish as long as support 94.80 holds.
On the lower side minor support is around 97.20 and break below targets 96.50/96/95.60 level.
Any break below 94.80 confirms minor weakness a decline till 93.80/92.60 is possible.
The index is facing immediate resistance around 99.35 and break above targets 100/100.50. Further bullishness only above 100.50 and above 100.50 will take the index to new level 102.56/103.19/104.99 level.
It is good to buy at dips around 96.20-25 with SL around 94.75 for the TP of 100.50/102.55/104.90
US Dollar index has made temporary top around 100.51 and declined from that level. Overall trend is slightly bullish as long as support 94.80 holds.
On the lower side minor support is around 97.20 and break below targets 96.50/96/95.60 level.
Any break below 94.80 confirms minor weakness a decline till 93.80/92.60 is possible.
The index is facing immediate resistance around 99.35 and break above targets 100/100.50. Further bullishness only above 100.50 and above 100.50 will take the index to new level 102.56/103.19/104.99 level.
It is good to buy at dips around 96.20-25 with SL around 94.75 for the TP of 100.50/102.55/104.90