Dollar Index (ICE) may rise 1200 - 3200 pips

Pivot

103.9500

Our preference

Long positions above 103.9500 with targets at 104.3000 & 104.5000 in extension.

Alternative scenario

Below 103.9500 look for further downside with 103.7800 & 103.6500 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

104.7200

104.5000

104.3000

104.1800 Last

103.9500

103.7800

103.6500

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