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US Dollar index faces strong resistance at 95.75, break above targets 96.40/97

Thursday, August 4, 2016 10:15 AM UTC

Major resistance- 95.75 (55 day EMA)
Major support – 95
Us dollar index declined till 95 yesterday and slightly jumped from that level. It is currently trading around 95.69.
The index is facing strong resistance at 55 day EMA and any break above targets 96.40/97/97.60 in the short term.
On the lower side, any break below 95 will drag the index down till 94.70/94.30.
Overall major trend reversal level 97.60.

It is good to buy above 95.75 with SL around 95.30 for the TP of 96.40/97.

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US Dollar index faces strong resistance at 95.75, break above targets 96.40/97

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