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- 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.
R1- 95.75
R2-96.40
R3-97
Support
S1-95.30
S2-94.70
S3-94
