FX.co ★ Daily analysis of USDX for July 20, 2016

The US Dollar Index is finding resistance around the 97.10 level, where the Index is doing a bullish consolidation after strong momentum gained during yesterday's session. A pullback could happen towards the 96.60 level, where a rebound can happen to resume the bullish bias. However, the next target to the upside would be the 97.74 level.

H1 chart's resistance levels: 97.10 / 97.74

H1 chart's support levels: 96.60 / 95.89

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 97.10, take profit is at 97.74 and stop loss is at 96.47.