Dollar Index (ICE) may rise 1400 - 2900 pips

Pivot

104.1200

Our preference

Long positions above 104.1200 with targets at 104.4000 & 104.5500 in extension.

Alternative scenario

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

Comment

A support base at 104.1200 has formed and has allowed for a temporary stabilisation.

Supports and resistances

104.7000

104.5500

104.4000

104.2600 Last

104.1200

104.0000

103.8500

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