USDX managed to recover above the 200 SMA at H1 chart and looks forward to reaching the next resistance zone lying at 94.09. If the index does a break over there, the next hurdle is located at 94.85. To the downside, if the index makes a pullback to resume the bearish bias held since December 12th session, then the next target could be the 93.29 level.
H1 chart's resistance levels: 94.09 / 94.85
H1 chart's support levels: 93.30 / 92.83
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 93.30, take profit is at 92.83 and stop loss is at 93.76.
