Dollar Index (ICE) may rise 1220 - 2720 pips

Pivot

104.4000

Our preference

Long positions above 104.4000 with targets at 104.7500 & 104.9000 in extension.

Alternative scenario

Below 104.4000 look for further downside with 104.2500 & 104.1000 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

105.1000

104.9000

104.7500

104.6280 Last

104.4000

104.2500

104.1000

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