FX.co ★ Daily analysis of USDX for November 22, 2016

The US Dollar index still keeps its bullish tone above the support zone of 100.53, but finally during Monday's session, we saw some corrective moves, as the index is extending a nonstop rally to the upside across the board. The next target in the bullish bias is still placed at the 101.74 level, where a breakout should open the doors to test the 102.61 level.

H1 chart's resistance levels: 101.74 / 102.61

H1 chart's support levels: 100.53 / 99.39

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 101.74, take profit is at 102.61 and stop loss is at 100.87.