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- Major resistance -97.60 (55 day 4 H EMA)
- Major support - 97
- DXY has broken major support 97 and declined till 96.90 at the time of writing. It is currently trading around 96.94.
- Short term trend is bearish as long as resistance 97.60 holds.
- On the lower side any break below 97 confirms minor trend reversal, a decline till 96.35/95.60 is possible .
- Any break above major resistance 97.60 will take the index till 98.05/98.60.
It is good to sell on rallies around 97-97.10 with SL around 97.60 for the TP of 96.35/95.60
