Dollar Index (ICE) may rise 3730 - 5730 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

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

105.7400

105.5000

105.3000

104.9270 Last

104.8500

104.6500

104.5000

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