The index remains in a bearish structure after having found dynamic resistance in the 200 SMA at H1 chart and such move is helping to add pressure to the support level of 89.36. If that level gives up, then a lower continuation to test the support zone of 87.88 is a possibility. However, rebounds at the current place should be limited by the 200 SMA.
H1 chart's resistance levels: 90.63 / 91.75
H1 chart's support levels: 89.36 / 87.88Trading 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.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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