Dollar Index (ICE) may rise 1700 - 3000 pips

Pivot

104.5200

Our preference

Long positions above 104.5200 with targets at 104.8900 & 105.0200 in extension.

Alternative scenario

Below 104.5200 look for further downside with 104.4200 & 104.3400 as targets.

Comment

The break above 104.5200 is a positive signal that has opened a path to 104.8900.

Supports and resistances

105.1200

105.0200

104.8900

104.7200 Last

104.5200

104.4200

104.3400

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