At H1 chart, USDX is looking to find support after a sharp decline below the key level of 95.50 and now, we can expect a corrective rebound. However, a breakout below the support zone of 95.02 should open the doors to test the 94.73 price zone. In another scenario, the corrective phase should be extended to the 95.93 on a first degree.
H1 chart’s resistance levels: 95.51 / 95.93
H1 chart’s support levels: 95.02 / 94.73
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 94.72 and stop loss is at 95.32.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
At H1 chart, USDX is looking to find support after a sharp decline
below the key level of 95.50 and now, we can expect a corrective
rebound. However, a breakout below the support zone of 95.02 should
open the doors to test the 94.73 price zone. In another scenario, the
corrective phase should be extended to the 95.93 on a first degree.
H1 chart’s resistance
levels: 95.51 / 95.93
H1 chart’s support levels: 95.02
/ 94.73
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
94.72
and stop loss is at 95.32.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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