Dollar Index (ICE) may rise 1700 - 3600 pips

Pivot

103.0500

Our preference

Long positions above 103.0500 with targets at 103.3600 & 103.5500 in extension.

Alternative scenario

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

Comment

The RSI lacks downward momentum.

Supports and resistances

103.7000

103.5500

103.3600

103.1900 Last

103.0500

102.8800

102.7000

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