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Short

DXY:2618 trade setup

TVC:DXY   The U.S. Dollar Index
146 0 7
Chart pattern formed- Double top

Major resistance- 96

DXY             has declined till 95.15 (100 4H EMA ) and started to jump from that level. It is currently trading around 95.61.

The major intraday resistance is 95.67 ( 61.8% retracement of 95.97 and 95.15) and any break above targets 96/96.40 in short-term.

Short term trend is still weak as long as resistance 96 holds.

On the lower side major support is around 95.15 and any break below targets 94.80/94.10 in short-term.

It is good to sell at 95.60-95.65 with SL around 96 for the TP of 95.15/94.80/94.20
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