The index is strengthening the bullish bias on H1 chart, as we saw that it approached multi-month highs on Thursday's session, where the USD was strongly in a bid. If we see a breakout above the resistance level of 98.53, then it can cling to test the 99.19 level in coming days, while a pullback should send the US Dollar index to visit the 200 SMA.
H1 chart's resistance levels: 98.53 / 99.19
H1 chart's support levels: 98.01 / 97.71
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 98.53, take profit is at 99.19 and stop loss is at 97.86.
The material has been provided by InstaForex Company - www.instaforex.comFrom www.instaforex.com http://ift.tt/2ep0Zb4
No comments:
Post a Comment