Dollar Index (ICE) may rise 3440 - 4740 pips

Pivot

104.1500

Our preference

Long positions above 104.1500 with targets at 104.5000 & 104.6300 in extension.

Alternative scenario

Below 104.1500 look for further downside with 104.0000 & 103.8000 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

104.7500

104.6300

104.5000

104.1560 Last

104.1500

104.0000

103.8000

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