Forex

Dollar Index (ICE) may fall 780 - 2380 pips

2024-07-31

Pivot

104.5800

Our preference

Short positions below 104.5800 with targets at 104.3000 & 104.1400 in extension.

Alternative scenario

Above 104.5800 look for further upside with 104.8000 & 105.0000 as targets.

Comment

A break below 104.3000 would trigger a drop towards 104.1400.

Supports and resistances

105.0000

104.8000

104.5800

104.3780 Last

104.3000

104.1400

104.0000

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

Introduction to Tradingtop Site


Return to All Articles