Day-to-day analysis of USDX for March 07, 2018 888011000 110888 The index remains under pressure listed below the 200 SMA on the H1 chart after having a sellers’ wave throughout Tuesday’s session. As the greenback is weakening, we can expect a test of the support zone at 89.36, at which a breakout needs to expose the 87.88 level. To the upside, gains will be restricted by the 90.63 area. 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 assistance level is at 89.36, take profit is at 87.88 and stop loss is at 90.81. The product has actually been offered by InstaForex Company

By | March 6, 2018

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