Dollar Index (ICE) may rise 1110 - 2510 pips

Pivot

105.4000

Our preference

Long positions above 105.4000 with targets at 105.6600 & 105.8000 in extension.

Alternative scenario

Below 105.4000 look for further downside with 105.2500 & 105.1500 as targets.

Comment

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

Supports and resistances

105.9500

105.8000

105.6600

105.5490 Last

105.4000

105.2500

105.1500

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