Dollar Index (ICE) may rise 1500 - 2800 pips

Pivot

104.2600

Our preference

Long positions above 104.2600 with targets at 104.5700 & 104.7000 in extension.

Alternative scenario

Below 104.2600 look for further downside with 104.1300 & 104.0000 as targets.

Comment

Technically the RSI is above its neutrality area at 50.

Supports and resistances

104.8500

104.7000

104.5700

104.4200 Last

104.2600

104.1300

104.0000

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