Dollar Index (ICE) may rise 4020 - 5520 pips

Pivot

103.0500

Our preference

Long positions above 103.0500 with targets at 103.5500 & 103.7000 in extension.

Alternative scenario

Below 103.0500 look for further downside with 102.8800 & 102.7000 as targets.

Comment

A support base at 103.0500 has formed and has allowed for a temporary stabilisation.

Supports and resistances

103.8500

103.7000

103.5500

103.1480 Last

103.0500

102.8800

102.7000

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