Dollar Index (ICE) may rise 2750 - 4250 pips

Pivot

104.0500

Our preference

Long positions above 104.0500 with targets at 104.5500 & 104.7000 in extension.

Alternative scenario

Below 104.0500 look for further downside with 103.9000 & 103.7500 as targets.

Comment

The RSI calls for a rebound.

Supports and resistances

104.8800

104.7000

104.5500

104.2750 Last

104.0500

103.9000

103.7500

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