Following the Fed official's speeches on Monday, the US Dollar index was under pressure and it's currently trading below the 200 SMA. The next target to the downside lies at the 94.79 level, where a breakout should open the doors to test the 94.29 price zone in coming hours and with that scenario, the greenback should be resuming the overall bearish structure held since August 31th.
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/2cbv2SU
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