Dow Jones 08.03.2021

Technical Analysis
Monday, March 08, 2021 - 23:32
Point Trader Group
Dow Jones 08.03.2021

Overview:

Prices are moving in a short term downtrend

Expected:

The pair is trading below a strong resistance level around 31660, which enhances the downside chances during the day's trading to 31140

Alternative Scenario: 

On the other hand, we think that if the level of 31660 was broken to the upside, this pair might push further up to 32039

 

Resistance31660.0032039.0032250.00
Support31140.0030995.0030672.17

 

 

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


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