Dollar Index (ICE) may rise 1600 - 3100 pips

Pivot

102.7000

Our preference

Long positions above 102.7000 with targets at 103.0000 & 103.1500 in extension.

Alternative scenario

Below 102.7000 look for further downside with 102.5500 & 102.4000 as targets.

Comment

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

Supports and resistances

103.3000

103.1500

103.0000

102.8400 Last

102.7000

102.5500

102.4000

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