Dollar Index (ICE) may rise 3490 - 4990 pips

Pivot

104.1200

Our preference

Long positions above 104.1200 with targets at 104.5500 & 104.7000 in extension.

Alternative scenario

Below 104.1200 look for further downside with 104.0000 & 103.8500 as targets.

Comment

Intraday technical indicators are mixed and call for caution.

Supports and resistances

104.8800

104.7000

104.5500

104.2010 Last

104.1200

104.0000

103.8500

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