Dollar Index (ICE) may rise 1630 - 3830 pips

Pivot

104.1400

Our preference

Long positions above 104.1400 with targets at 104.5000 & 104.7200 in extension.

Alternative scenario

Below 104.1400 look for further downside with 104.0000 & 103.8000 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

104.9000

104.7200

104.5000

104.3370 Last

104.1400

104.0000

103.8000

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