Dollar Index (ICE) may rise 1580 - 3580 pips

Pivot

104.8500

Our preference

Long positions above 104.8500 with targets at 105.3000 & 105.5000 in extension.

Alternative scenario

Below 104.8500 look for further downside with 104.6500 & 104.5000 as targets.

Comment

The break above 104.8500 is a positive signal that has opened a path to 105.3000.

Supports and resistances

105.7400

105.5000

105.3000

105.1420 Last

104.8500

104.6500

104.5000

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