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The index is extending gains and the price action still favors to the bulls, with a strong rebound happening in the 93.42 level. Now, we're putting the focus on the 94.10 level as the next key resistance to the upside, but a pullback should take the greenback to test the 200 SMA on the H1 chart. MACD indicator stays in the positive territory, favoring to the upside scenario.
H1 chart's resistance levels: 93.42 / 94.10
H1 chart's support levels: 92.33 / 91.86
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 93.42, take profit is at 94.10, and stop loss is at 92.75.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.