Dollar Index (ICE) may rise 1240 - 2540 pips

Pivot

104.5800

Our preference

Long positions above 104.5800 with targets at 104.8900 & 105.0200 in extension.

Alternative scenario

Below 104.5800 look for further downside with 104.4200 & 104.3400 as targets.

Comment

The break above 104.5800 is a positive signal that has opened a path to 104.8900.

Supports and resistances

105.1200

105.0200

104.8900

104.7660 Last

104.5800

104.4200

104.3400

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