USDX stayed in sideways during Thursday’s Thanksgiving holiday in the US and still it’s trying to break above the 101.74 level, in order to reach the 102.61 price zone. Because of current low volatility, we can expect some pullbacks and eventually it can test the 200 SMA at H1 chart. The next key support is located at the 100.53 level.
H1 chart’s resistance levels: 101.74 / 102.61
H1 chart’s support levels: 100.53 / 99.39
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 101.74, take profit is at 102.61 and stop loss is at 100.87.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
USDX stayed in sideways during Thursday’s Thanksgiving holiday in
the US and still it’s trying to break above the 101.74 level, in
order to reach the 102.61 price zone. Because of current low
volatility, we can expect some pullbacks and eventually it can test
the 200 SMA at H1 chart. The next key support is located at the
100.53 level.
H1 chart’s resistance
levels: 101.74 / 102.61
H1 chart’s support levels:
100.53 / 99.39
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
101.74,
take profit is at
102.61
and stop loss is at 100.87.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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