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USDX is posting fresh multi-day highs above the 200 SMA at H1 chart and the resistance zone of 91.75 could be challenged in coming days, as we're watching a possible breakout of the 90.63 level, which has been proven to be a tough resistance to crack. However, a retracement at the current stage should be limited by the moving average mentioned above.
H1 chart's resistance levels: 90.63 / 91.75
H1 chart's support levels: 89.36 / 87.88
Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bearish candlestick; the support level is at 90.63, take profit is at 91.75 and stop loss is at 89.49.InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.