Dollar Index (ICE) (READ DESCRIPTION)
Dollar Index (ICE) Intraday Analysis: Potential Decline of 1620 - 3620 Pips
Pivot Point: 101.0000
Primary Strategy (Our Preference):
Entry Point: Consider initiating short positions below the pivot level of 101.0000.
Target Levels: The first downside target is set at 100.6000, with an extension towards 100.4000 if bearish momentum continues.
Alternative Scenario:
Upside Risk: If the price rises above 101.0000, expect potential targets at 101.2500 and 101.4500.
Technical Outlook:
Market Dynamics: As long as the resistance at 101.0000 holds, the risk of a decline below 100.6000 remains significant. Caution is advised, as market conditions can change rapidly.
Pivot Point: 101.0000
Primary Strategy (Our Preference):
Entry Point: Consider initiating short positions below the pivot level of 101.0000.
Target Levels: The first downside target is set at 100.6000, with an extension towards 100.4000 if bearish momentum continues.
Alternative Scenario:
Upside Risk: If the price rises above 101.0000, expect potential targets at 101.2500 and 101.4500.
Technical Outlook:
Market Dynamics: As long as the resistance at 101.0000 holds, the risk of a decline below 100.6000 remains significant. Caution is advised, as market conditions can change rapidly.
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