Dollar Index (ICE) may rise 1800 - 2800 pips

Pivot

105.4500

Our preference

Long positions above 105.4500 with targets at 105.8000 & 105.9000 in extension.

Alternative scenario

Below 105.4500 look for further downside with 105.3500 & 105.2500 as targets.

Comment

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

Supports and resistances

106.0000

105.9000

105.8000

105.6200 Last

105.4500

105.3500

105.2500

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