Daily analysis of USDX for December 29, 2017 888011000 110888 The index is dropping strongly below the 200 SMA on H1 chart, facing support around 92.53. The lower band of Bollinger bands is being evaluated and must give up in order to allow an extension lower towards the support zone of 92.19. Nevertheless, a rebound at the current phase can not be disposed of and it should assist to correct the recent relocations. H1 chart’s resistance levels: 93.16/ 93.48 H1 chart’s assistance levels: 92.53/ 92.19 Trading recommendations for today: Based upon the H1 chart, location sell (brief)orders just if the USD Index breaks with a bearish candlestick; the support level is at 92.53, take revenue is at 92.19 and stop loss is at 92.88. The material has actually been offered by InstaForex Business -www.instaforex.com

By | December 28, 2017

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