USDX moved into a sideways tone on the H1 chart, trapped in the range established between the 94.61 and 94.35 levels. We should expect an advance toward the 94.81 level if bulls continue to reinforce the overall structure of this Index. Another scenario is still calling for a lower breakout at the 94.06 level. The MACD indicator is entering positive territory.
H1 chart's resistance levels: 94.61 / 94.81
H1 chart's support levels: 94.35 / 94.06
Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 94.61, take profit is at 94.81, and stop loss is at 94.41.
