The index made a rebound above the 200 SMA on H1 chart and now it's looking to test the 96.14 level in coming days, as the overall bullish structure remains intact. That support provided by the SMA is helping bulls to gain further momentum. Eventually, we may see some rallies toward the 96.51 level.
H1 chart's resistance levels: 96.14 / 96.51
H1 chart's support levels: 95.79 / 95.49
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 96.14, take profit is at 96.51 and stop loss is at 95.75.
The material has been provided by InstaForex Company - www.instaforex.comFrom www.instaforex.com http://ift.tt/2cjvduR
No comments:
Post a Comment