The index is looking for the 100.00 level, as the US dollar has been with a strong demand during last hours. Despite Donald Trump's victory as new president of the United States, the odds are still favoring to the bulls and we're seeing a consolidation above the 200 SMA at H1 chart. If it does a break above the 99.08 level, then it can reach the 99.57 zone.
H1 chart's resistance levels: 99.08 / 99.57
H1 chart's support levels: 98.65 / 98.00
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 99.08, take profit is at 99.57 and stop loss is at 98.60.
