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- U.S dollar index has declining after a minor recovery till 93.77. It is currently trading around 93.32
- In the daily chart, index upside capped by 21 day EMA at 94.01 and any break above will take the DXY till 95.
- On the lower side, any close below 93 will drag the index till 91.92/90 in the short term.
- Short term bearish invalidation only above 97.87.
It is good to sell on rallies around 93.50-93.60 with SL around 94.05 for the TP of 92.55/91.95.
