The index is having a bullish momentum above the support level of 93.91, where a rebound is taking place. To the upside we might expect a resistance to be found around 94.88. If a breakout happens over there, all the force will concentrate in order to re-test the 95.53 level and MACD indicator is favoring to the bulls in the near-term.
H1 chart's resistance levels: 94.88 / 95.53
H1 chart's support levels: 93.91 / 93.12
Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bearish candlestick; the support level is at 94.88, take profit is at 95.53 and stop loss is at 94.22.The material has been provided by InstaForex Company - www.instaforex.com