USDX moved into a sideways tone on the H1 chart, trapped in the range
established between the 94.61 and 94.35 levels. We should expect
an advance toward the 94.81 level if bulls continue to reinforce the overall structure of this Index. Another scenario is still
calling for a lower breakout at the 94.06 level. The MACD indicator is
entering positive territory.
H1 chart’s resistance
levels: 94.61 / 94.81
H1 chart’s support levels: 94.35
/ 94.06
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
94.61,
take profit is at
94.81,
and stop loss is at 94.41.
The material has been provided by InstaForex Company – www.instaforex.com
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