Dollar Index (ICE) may rise 2390 - 3890 pips

Pivot

104.1500

Our preference

Long positions above 104.1500 with targets at 104.5500 & 104.7000 in extension.

Alternative scenario

Below 104.1500 look for further downside with 104.0000 & 103.8500 as targets.

Comment

A support base at 104.1500 has formed and has allowed for a temporary stabilisation.

Supports and resistances

104.8800

104.7000

104.5500

104.3110 Last

104.1500

104.0000

103.8500

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