Forex

Dollar Index (ICE) may fall to 101.9000 - 102.9000

2024-05-22

Pivot

106.5000

Our preference

Short positions below 106.5000 with targets at 102.9000 & 101.9000 in extension.

Alternative scenario

Above 106.5000 look for further upside with 107.3000 & 108.0000 as targets.

Comment

The RSI shows downside momentum.

Supports and resistances

108.0000 ***

107.3000 ***

106.5000 ***

104.5970 Last

102.9000 **

101.9000 ***

100.6000 ***

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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