Dollar Index (ICE) may rise 1530 - 3030 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

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

105.1000

104.9000

104.7500

104.5970 Last

104.4000

104.2500

104.1000

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