FX.co ★ Daily analysis of USDX for February 09, 2017

USDX continues to move around the 100.00 handle and it remains steady above the 200 SMA at H1 chart. Next key resistance is located at the 101.43 level, where a breakout should open the doors to test the 102.39, while a break below the 100.00 zone should strengthen the bearish bias for the mid-term and eventually, the index could test the 98.98 level.

H1 chart's resistance levels: 101.43 / 102.38

H1 chart's support levels: 100.01 / 98.98

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USD Index breaks with a bearish candlestick; the support level is at 100.01, take profit is at 98.98 and stop loss is at 101.03.