09.11.201719:38 Forex Analysis & Reviews: Daily analysis of USDX for November 10, 2017

Long-term review

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USDX remains in sideways and now it's challenging the 200 SMA at H1 chart. Bulls are trying to gain impetu in the short-term, with the nearest target placed at the 95.14 level, which also should give up in order to allow a rally towards the 95.85 level. To the downside, the next strong support is placed around 93.97.

H1 chart's resistance levels: 95.14 / 95.85

H1 chart's support levels: 94.60 / 93.97

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 95.14, take profit is at 95.85 and stop loss is at 94.47.

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