Dollar Index (ICE) may rise 1120 - 2720 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

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

104.8800

104.7000

104.5400

104.4280 Last

104.3200

104.1800

104.0500

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