Forex

Dollar Index (ICE) may rise 2710 - 4110 pips

2024-07-16

Pivot

104.1800

Our preference

Long positions above 104.1800 with targets at 104.5400 & 104.6800 in extension.

Alternative scenario

Below 104.1800 look for further downside with 104.0500 & 103.9000 as targets.

Comment

The break above 104.1800 is a positive signal that has opened a path to 104.5400.

Supports and resistances

104.8000

104.6800

104.5400

104.2690 Last

104.1800

104.0500

103.9000

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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