USDX plunged to test fresh lows around the 95.90 level, as Donald
Trump managed to win the US presidential elections 2016. However, as
the time passed, the index managed to erase the losses and now we’re
seeing that a resistance level placed at 98.65 is being challenged.
If USDX does a breakout over there, then we can expect an advance
towards the 99.08 level.
H1 chart’s resistance
levels: 98.65 / 99.08
H1 chart’s support levels: 98.01
/ 97.62
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
98.65,
take profit is at
99.08
and stop loss is at 98.23.
The material has been provided by InstaForex Company – www.instaforex.com
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