Thursday’s session for USDX was pretty calm in terms of price action, as the index remains below the 200 SMA at H1 chart. A support can be seen around the 94.65 level, where a breakout can deliver a bearish momentum towards the 94.32 level. However, a rebound shall not be discarded and eventually it can attempt a short-term rally to the 95.00 level.
H1 chart’s resistance levels: 95.00 / 95.49
H1 chart’s support levels: 94.65 / 94.32
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 94.65, take profit is at 94.32 and stop loss is at 94.99.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Thursday’s session for USDX was pretty calm in terms of price action,
as the index remains below the 200 SMA at H1 chart. A support can be
seen around the 94.65 level, where a breakout can deliver a bearish
momentum towards the 94.32 level. However, a rebound shall not be
discarded and eventually it can attempt a short-term rally to the
95.00 level.
H1 chart’s resistance
levels: 95.00 / 95.49
H1 chart’s support levels: 94.65
/ 94.32
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
94.65,
take profit is at
94.32
and stop loss is at 94.99.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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