Dollar Index (ICE) may rise 620 - 2120 pips

Pivot

104.2000

Our preference

Long positions above 104.2000 with targets at 104.4500 & 104.6000 in extension.

Alternative scenario

Below 104.2000 look for further downside with 104.0000 & 103.8300 as targets.

Comment

The immediate trend remains up and the momentum is strong.

Supports and resistances

104.8000

104.6000

104.4500

104.3880 Last

104.2000

104.0000

103.8300

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