- DXY has formed double top around 97.35 and has slightly decline from that level. Short term trend is bearish as long as resistance 97.35 holds.
- On the upside break above 97.35 would extend gains till 98/98.45 in short term.
- The pair’s major support is around 96.18 and any trend reversal can be seen only below that level.
It is good to sell on rallies around 97.05-10 with SL around 97.37 for the TP 96.20.
The material has been provided by InstaForex Company – www.instaforex.com