USDX is consolidating below the 200 SMA following the weak data from the United States, in particular ISM Non-Manufacturing PMI. Currently, the greenback is hovering at the support zone of 94.78 after a strong decline seen during Tuesday's session. The index is poised to continue trading lower. If the index manages to break that zone, then it can decline towards the 94.29 level.
H1 chart's resistance levels: 95.49 / 95.79
H1 chart's support levels: 94.78 / 94.29
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 94.78, take profit is at 94.29 and stop loss is at 95.27.
The material has been provided by InstaForex Company - www.instaforex.comFrom www.instaforex.com http://ift.tt/2c6AQdl
No comments:
Post a Comment