The index remains strongly bullish across the board, as the price
stays above the 100.00 handle. The 200 SMA at H1 chart is pointing to
the upside and it’s calling for further gains in the US dollar
index. If we can see a breakout of Wednesday’s highs, the chances
to test the 101.74 level will increase. MACD indicator is entering at
neutral territory, giving some hints of possible corrections.
H1 chart’s resistance
levels: 100.29 / 101.74
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
100.29,
take profit is at
101.74
and stop loss is at 98.85.
The material has been provided by InstaForex Company – www.instaforex.com
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