Dollar Index (ICE) may rise 2600 - 5100 pips

Pivot

105.3500

Our preference

Long positions above 105.3500 with targets at 105.8000 & 106.0500 in extension.

Alternative scenario

Below 105.3500 look for further downside with 105.1500 & 104.9500 as targets.

Comment

A support base at 105.3500 has formed and has allowed for a temporary stabilisation.

Supports and resistances

106.3000

106.0500

105.8000

105.5400 Last

105.3500

105.1500

104.9500

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