Dollar Index (ICE) may rise 800 - 2400 pips

Pivot

104.3200

Our preference

Long positions above 104.3200 with targets at 104.5400 & 104.7000 in extension.

Alternative scenario

Below 104.3200 look for further downside with 104.1800 & 104.0500 as targets.

Comment

The RSI has just landed on its neutrality area at 50% and is turning up.

Supports and resistances

104.8800

104.7000

104.5400

104.4600 Last

104.3200

104.1800

104.0500

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