The bears have been taking the control of USDX across the board and it has tested the support level of 92.70. That level should give up in order to allow a leg to test the support zone of 91.85. On the positive side, if the index manages to rebound at the current stage, then it's likely to see a re-testing of the 200 SMA at H1 chart.
H1 chart's resistance levels: 93.60 / 93.98
H1 chart's support levels: 92.70 / 91.85
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 92.70, take profit is at 91.85 and stop loss is at 93.53.
The material has been provided by InstaForex Company - www.instaforex.com