The index recovered during yesterday's session, as it's approaching the resistance zone of 95.51. Remind that a breakout above it can open the doors to test the 95.93 level, where the 200 SMA is located. However, our view is still bearish and a pullback at this stage is possible and can lead the USDX to reach once again the support level of 95.02.
H1 chart's resistance levels: 95.51 / 95.93
H1 chart's support levels: 95.02 / 94.73
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 95.02, take profit is at 94.72 and stop loss is at 95.32.
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