• Harmonic pattern formed – Bullish Bat pattern
   
• Potential Reversal Zone (PRZ)- 100.40
   
• US Dollar index has once again declined after jumping till 101.72 level yesterday. It is currently trading around 101.
   
• On the higher side, major resistance is around 101.73 and any break above will take the index till 102.06 (61.8% retracement of 103.82 and 99.23)/102.95 (Jan 1st 2017 high).
   
• The major support is around 100.75 (55- day EMA) and any break below targets 100.38/100/99.25 (23.6% fibo).
   
• Short term bullish invalidation only below 98.    
  
  It is good to buy on dips around 100.85-100.90 with SL around 100.40 for the TP of 101.73/102.05