Dollar Index (ICE) may rise 1700 - 2700 pips

Pivot

104.1500

Our preference

Long positions above 104.1500 with targets at 104.4500 & 104.5500 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

104.7000

104.5500

104.4500

104.2800 Last

104.1500

104.0000

103.8500

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