The index gained momentum during yesterday's session following positive data in the United States. Currently, it's headed to test the resistance level of 94.00 at which could happen a breakout that could open the doors to test the 94.42 level. To the downside, we're facing a support offered by the 200 SMA at H1 chart, which is the last hurdle before to reach the key level of 92.80.
H1 chart's resistance levels: 94.00 / 94.47
H1 chart's support levels: 93.25 / 92.80
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 94.00, take profit is at 94.47 and stop loss is at 93.55.
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