Daily analysis of USDX for February 16, 2018

The index resumed the bearish trend as the greenback remains under heavy pressure below the 200 SMA at H1 chart. The closest support lies at 87.88, where we expect some consolidation moves and possibly a corrective move to erase the oversold territory of USDX. To the upside, gains should be limited by the 89.36 level. […]