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US Dollar Index faces strong support at 100.60, break below targets 99.45

  • Major support – 100.60
     
  •  The U.S dollar index breaks major support at 50% fibo level and declined till 100.76 at the time of writing. It is currently trading around 100.86.
     
  •  On the lower side any break below 100.60 will take the index down till 100/99.45.
     
  • The minor resistance is around 102.60 and any break above will take the index till 103/103.60. The index should close above 103.85 for further bullishness.
     
  • Short term bullish invalidation only below 98.

    It is good to sell below 100.60 with SL around 101.15 for the TP of 99.45

 

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