USDX stays consolidated below the 200 SMA on the H1 chart and it remains supported by the 89.36 level. Below that area, one could expect a bearish continuation towards the 87.88 zone which should strengthen to the bears in the short-term. If the index manages to make a rebound at the current stage, it can go to re-test the 90.63 level.
H1 chart's resistance levels: 90.63 / 91.75
H1 chart's support levels: 89.36 / 87.88
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 89.36, take profit is at 87.88 and stop loss is at 90.81.
