Dollar Index Price Analysis for the Third Week of August 2024
In the analysis of the dollar index price chart, considering the speeches of Federal Reserve members, the following conclusions can be drawn:
Given the price support at the 102.164 level and the price's interaction with this support, a price correction is expected. This correction, considering the significant liquidity present around the 101.422 level, is likely to be short-term.
After the correction, two scenarios are possible: First, the price may correct up to the 102.626 level, after which an upward movement in price is likely.
Given the price support at the 102.164 level and the price's interaction with this support, a price correction is expected. This correction, considering the significant liquidity present around the 101.422 level, is likely to be short-term.
After the correction, two scenarios are possible: First, the price may correct up to the 102.626 level, after which an upward movement in price is likely.
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