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- US Dollar index has broken major support at 92.55 low made on Aug 2nd 2017 and declined sharply till 91.62 at the time of writing. It is currently trading around 91.82.
- Short term trend is still weak as long as resistance 93.60 (23.6% retracement of 99.89 and 91.62).
- Any violation above 93.60 will take the pair to next level 94.15/95 in the short run. The near term resistance is around 92.55/93.21 (61.8% retracement of 94.15 and 91.62).
- The index broken major support 91.92 2016 low and this confirms further weakness, dip till 90 is possible.
It is good to sell on rallies around 92-92.10 with SL around 92.60 for the TP of 90.
