Dollar Index (ICE) may rise 1400 - 2900 pips

Pivot

103.6000

Our preference

Long positions above 103.6000 with targets at 103.9000 & 104.0500 in extension.

Alternative scenario

Below 103.6000 look for further downside with 103.4500 & 103.3000 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

104.2000

104.0500

103.9000

103.7600 Last

103.6000

103.4500

103.3000

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