• Major intraday resistance – 100.05 (trend line joining 100.88 and 100.47).
   
• Minor support – 99.55.
   
• DXY has shown a minor rebound from the low of 99.55 made on Mar 22nd 2017. The index jumped till 100 and started to decline from that level.
   
• On the lower side, any break below 99.55 will drag the pair down till 99.25/98.89 (61.8% retracement of 95.89 and 103.82).
   
• The near term resistance is around 100.05 and any break above targets 100.55 (38.2% retracement of 102.26 and 99.55)/100.75 (55- day EMA).
  
  It is good to sell on rallies around 99.75 with SL around 100.05 for the TP OF 99.25/98.85