Dollar Index (ICE) may rise 1700 - 2900 pips

Pivot

102.7500

Our preference

Long positions above 102.7500 with targets at 103.1000 & 103.2200 in extension.

Alternative scenario

Below 102.7500 look for further downside with 102.5500 & 102.3800 as targets.

Comment

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

Supports and resistances

103.4000

103.2200

103.1000

102.9300 Last

102.7500

102.5500

102.3800

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