Dollar Index (ICE) may rise 2200 - 3800 pips

Pivot

102.3000

Our preference

Long positions above 102.3000 with targets at 102.6900 & 102.8500 in extension.

Alternative scenario

Below 102.3000 look for further downside with 102.1000 & 101.8500 as targets.

Comment

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

Supports and resistances

103.0500

102.8500

102.6900

102.4700 Last

102.3000

102.1000

101.8500

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