The Index continues to strengthen the bearish bias below the 93.89 level, and now it's finding strong support around the 93.50 level, where a breakout should open the doors for more downside to the 93.04 level on a short-term basis. The 200 SMA on the H1 chart is also pointing to the south, but the MACD indicator is still at positive territory, favoring a possible rebound.
H1 chart's resistance levels: 93.89 / 94.30
H1 chart's support levels: 93.50 / 93.04
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 93.50, take profit is at 93.04, and stop loss is at 93.97.
