The US Dollar index had a very volatile session amid a flat economic
calendar during American session. Currently, the index is being
supported by the 95.51 level a breakout of which is likely to add downside pressure to the 95.19 level where our next target is located. However, in another scenario, a rebound should drive the
greenback to test the 95.93 level where the 200 SMA is located according to the H1
chart.
H1 chart’s resistance
levels: 95.93 / 96.32
H1 chart’s support levels: 95.51
/ 95.19
Trading recommendations for today: based on the H1 chart, place
sell
(short)
orders only if the USD Index
breaks with
a bearish
candlestick;
the support
level is at
95.51,
take profit is at
95.19
and stop loss is at 95.83.
The material has been provided by InstaForex Company – www.instaforex.com
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