Forex

Dollar Index (ICE) may fall 1520 - 3620 pips

2024-06-18

Pivot

105.5200

Our preference

Short positions below 105.5200 with targets at 105.1800 & 104.9700 in extension.

Alternative scenario

Above 105.5200 look for further upside with 105.6500 & 105.8000 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

105.8000

105.6500

105.5200

105.3320 Last

105.1800

104.9700

104.7400

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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