Dollar Index (ICE) may rise 1410 - 3310 pips

Pivot

104.0500

Our preference

Long positions above 104.0500 with targets at 104.3600 & 104.5500 in extension.

Alternative scenario

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

Comment

A support base at 104.0500 has formed and has allowed for a temporary stabilisation.

Supports and resistances

104.7000

104.5500

104.3600

104.2190 Last

104.0500

103.9000

103.7500

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