Everyday analysis of USDX for May 23, 2018 888011000 110888 The index handled to make a retracement from the Monday’s highs, however the 200 SMA stays as a dynamic assistance in the short-term, where also it has formed a fractal. We should advise that a breakout above 94.10 can open the doors for a testing of the 94.88 level. Nevertheless, a breakout listed below the 200 SMA on H1 chart should reinforce the bearish predisposition. H1 chart’s resistance levels: 94.10/ 94.88 H1 chart’s support levels: 93.12/ 92.33 Trading suggestions for today: Based on the H1 chart, location buy( long)orders just if the USD Index breaks with a bearish candlestick; the support level is at 94.10, take revenue is at 94.88 and stop loss is at 93.30. The product has been supplied by InstaForex Company- www.instaforex.com

By | May 22, 2018

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