USDX found strong sellers’ reaction around at the 95.65 price level,
and we’re watching now that it struggles to consolidate below the 200
SMA on the H1 chart. If the index manages to do it, then we can expect a
breakout below the 95.02 level in order to test the 94.74 zone. MACD
indicator is supporting the bearish scenario.
H1 chart’s resistance
levels: 95.49 / 95.79
H1 chart’s support levels: 95.02
/ 94.74
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
95.02,
take profit is at
94.74
and stop loss is at 95.29.
The material has been provided by InstaForex Company – www.instaforex.com
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