Dollar Index (ICE) may rise 1440 - 2940 pips

Pivot

101.6300

Our preference

Long positions above 101.6300 with targets at 101.9000 & 102.0500 in extension.

Alternative scenario

Below 101.6300 look for further downside with 101.4500 & 101.3500 as targets.

Comment

A support base at 101.6300 has formed and has allowed for a temporary stabilisation.

Supports and resistances

102.2000

102.0500

101.9000

101.7560 Last

101.6300

101.4500

101.3500

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