Dollar Index (ICE) may rise 1500 - 3000 pips

Pivot

104.9500

Our preference

Long positions above 104.9500 with targets at 105.2700 & 105.4200 in extension.

Alternative scenario

Below 104.9500 look for further downside with 104.8000 & 104.6500 as targets.

Comment

The RSI is above its neutrality area at 50%.

Supports and resistances

105.6000

105.4200

105.2700

105.1200 Last

104.9500

104.8000

104.6500

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