On the H1 chart, the USDX is trying to find strong bottom around the level of 97.60, as the index will try another bullish breath towards the zone of the 200 SMA. However, any breakout below the level of 97.60 will expose the USDX to test the level of 97.01 on a short-term basis. A consolidation below it will push the index in late December.
H1 chart's resistance levels: 98.14 / 98.80
H1 chart's support levels: 97.60 / 97.01
Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USDX breaks with a bearish candlestick; the support level is found at 97.60, take profit is at 97.01, and stop loss is at 98.21.
