Dollar Index (ICE) may rise 1040 - 2340 pips

Pivot

104.9000

Our preference

Long positions above 104.9000 with targets at 105.1400 & 105.2700 in extension.

Alternative scenario

Below 104.9000 look for further downside with 104.8000 & 104.6500 as targets.

Comment

The RSI calls for a rebound.

Supports and resistances

105.4200

105.2700

105.1400

105.0360 Last

104.9000

104.8000

104.6500

Number of asterisks represents the strength of support and resistance levels.