Dollar Index (ICE) may rise 1900 - 4100 pips

Pivot

104.0000

Our preference

Long positions above 104.0000 with targets at 104.5000 & 104.7200 in extension.

Alternative scenario

Below 104.0000 look for further downside with 103.8000 & 103.6500 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

104.9000

104.7200

104.5000

104.3100 Last

104.0000

103.8000

103.6500

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