Dollar Index (ICE) may rise 1280 - 2280 pips

Pivot

104.1700

Our preference

Long positions above 104.1700 with targets at 104.4700 & 104.5700 in extension.

Alternative scenario

Below 104.1700 look for further downside with 104.0000 & 103.8700 as targets.

Comment

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

Supports and resistances

104.8000

104.5700

104.4700

104.3420 Last

104.1700

104.0000

103.8700

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