Dollar Index (ICE) may rise 1260 - 2760 pips

Pivot

103.0000

Our preference

Long positions above 103.0000 with targets at 103.3500 & 103.5000 in extension.

Alternative scenario

Below 103.0000 look for further downside with 102.8500 & 102.7000 as targets.

Comment

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

Supports and resistances

103.6500

103.5000

103.3500

103.2240 Last

103.0000

102.8500

102.7000

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