The bulls are keeping a structure untouched above the support level of 93.91, where USDX is finding a bottom in the near-term. A rebound over there should expose the resistance zone of 94.88, which is a key hurdle ahead of the 95.53 level. However, if the support level of 93.91 gives up, then we might expect a leg lower to test the 93.12 area.
H1 chart's resistance levels: 94.88 / 95.53
H1 chart's support levels: 93.91 / 93.12
Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bearish candlestick; the support level is at 94.88, take profit is at 95.53 and stop loss is at 94.22.
