Forex

Dollar Index (ICE) may fall 1900 - 4600 pips

2024-08-19

Pivot

102.7500

Our preference

Short positions below 102.7500 with targets at 102.2700 & 102.0000 in extension.

Alternative scenario

Above 102.7500 look for further upside with 102.9000 & 103.0700 as targets.

Comment

The RSI advocates for further decline.

Supports and resistances

103.0700

102.9000

102.7500

102.4600 Last

102.2700

102.0000

101.8000

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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