The index is looking for the 100.00 level, as the US dollar has been
with a strong demand during last hours. Despite Donald Trump’s
victory as new president of the United States, the odds are still
favoring to the bulls and we’re seeing a consolidation above the
200 SMA at H1 chart. If it does a break above the 99.08 level, then
it can reach the 99.57 zone.
H1 chart’s resistance
levels: 99.08 / 99.57
H1 chart’s support levels: 98.65
/ 98.00
Trading recommendations for today:
Based on the H1 chart, place
buy
(long)
orders only if the USD Index
breaks with
a bullish
candlestick;
the resistance
level is at
99.08,
take profit is at
99.57
and stop loss is at 98.60.
The material has been provided by InstaForex Company – www.instaforex.com
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