Forex

Dollar Index (ICE) may fall 1510 - 3010 pips

2024-08-29

Pivot

101.2000

Our preference

Short positions below 101.2000 with targets at 100.8000 & 100.6500 in extension.

Alternative scenario

Above 101.2000 look for further upside with 101.3500 & 101.5000 as targets.

Comment

The RSI shows downside momentum.

Supports and resistances

101.5000

101.3500

101.2000

100.9510 Last

100.8000

100.6500

100.5000

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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