Dollar Index (ICE) may rise 1700 - 2900 pips

Pivot

102.8000

Our preference

Long positions above 102.8000 with targets at 103.0500 & 103.1700 in extension.

Alternative scenario

Below 102.8000 look for further downside with 102.6000 & 102.4500 as targets.

Comment

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

Supports and resistances

103.3000

103.1700

103.0500

102.8800 Last

102.8000

102.6000

102.4500

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