Daily analysis of USDX for February 12, 2018

The last chance for the bulls to resume the bullish bias in the index lies at the 90.63 level, where a breakout should open the doors to visit the 91.75 zone. However, we're still following the bearish idea, as the level of 89.36 remains as a critical area across the board and if it gives up, then the next target would be the 87.88 level.

USDXH1.png

H1 chart's resistance levels: 90.63 / 91.75

H1 chart's support levels: 89.36 / 87.88

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 89.36, take profit is at 87.88 and stop loss is at 90.81.

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