Dollar Index (ICE) may rise 1340 - 3040 pips

Pivot

104.0000

Our preference

Long positions above 104.0000 with targets at 104.3300 & 104.5000 in extension.

Alternative scenario

Below 104.0000 look for further downside with 103.8000 & 103.6500 as targets.

Comment

A support base at 104.0000 has formed and has allowed for a temporary stabilisation.

Supports and resistances

104.7500

104.5000

104.3300

104.1960 Last

104.0000

103.8000

103.6500

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