Forex

Dollar Index (ICE) may rise 2750 - 5250 pips

2024-08-06

Pivot

102.8800

Our preference

Long positions above 102.8800 with targets at 103.3000 & 103.5500 in extension.

Alternative scenario

Below 102.8800 look for further downside with 102.6400 & 102.4300 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

103.8500

103.5500

103.3000

103.0250 Last

102.8800

102.6400

102.4300

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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