• Major resistance – 102.05
   
•  The U.S dollar index has formed a double bottom around 100.65 and started to recover from that level. . It is currently trading around 101.30.
   
• DXY downside is capped by 23.6% retracement of 95.89 and 102.02 and any minor weakness can be seen only below that level.
   
• The index is facing around 102.02 (161.8% retracement of 101.48 and 100.65) and any break above targets 102.93/105.
   
• On the lower side, any break below 100.65 will drag the index down till 100/99.57.
   
• Short term bullish invalidation only below 98.
  
  It is good to buy on dips around 101 with SL around 100.45 for the TP of 102.05/103