Dollar Index (ICE): Potential decline (READ DESCRIPTION)
Dollar Index (ICE): Potential decline of 1780 to 3280 pips.
Pivot:
101.6000
Preferred strategy:
Enter short positions below 101.6000, targeting 101.1500 and an extended target at 101.0000. This indicates a bearish outlook as long as the price stays below the pivot level.
Alternative scenario:
If the price rises above 101.6000, look for further upside with targets at 101.7500 and 101.9000, suggesting a potential shift to a bullish trend.
The immediate trend remains downwards, with strong momentum supporting the potential for further declines.
Pivot:
101.6000
Preferred strategy:
Enter short positions below 101.6000, targeting 101.1500 and an extended target at 101.0000. This indicates a bearish outlook as long as the price stays below the pivot level.
Alternative scenario:
If the price rises above 101.6000, look for further upside with targets at 101.7500 and 101.9000, suggesting a potential shift to a bullish trend.
The immediate trend remains downwards, with strong momentum supporting the potential for further declines.
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