Dollar Index (ICE) may rise 2820 - 5320 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

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

106.3000

106.0500

105.8000

105.5180 Last

105.3500

105.1500

104.9500

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