The index had a bearish session during Wednesday, fueled by the Fed meeting and Yellen's comments, as the central bank didn't raise the interest rate but left the doors opened for a possible hike in December. By the way, the greenback is hovering below the 200 SMA and it could attempt a breakout of the 95.49 level. If that happens, then we may expect another decline towards the 95.00 level.
H1 chart's resistance levels: 95.79 / 96.14
H1 chart's support levels: 95.49 / 95.01
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 95.79, take profit is at 96.14 and stop loss is at 95.45.
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