Dollar Index (ICE) may rise 2280 - 3780 pips

Pivot

103.0500

Our preference

Long positions above 103.0500 with targets at 103.3500 & 103.5000 in extension.

Alternative scenario

Below 103.0500 look for further downside with 102.9000 & 102.8000 as targets.

Comment

A support base at 103.0500 has formed and has allowed for a temporary stabilisation.

Supports and resistances

103.6500

103.5000

103.3500

103.1220 Last

103.0500

102.9000

102.8000

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