Forex

Dollar Index (ICE) may fall to 100.6200 - 102.3600

2024-08-07

Pivot

105.8500

Our preference

Short positions below 105.8500 with targets at 102.3600 & 100.6200 in extension.

Alternative scenario

Above 105.8500 look for further upside with 106.7000 & 107.3000 as targets.

Comment

The RSI advocates for further downside.

Supports and resistances

107.3000 **

106.7000 **

105.8500 ***

103.1100 Last

102.3600 ***

100.6200 ***

99.6000 ***

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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