Dollar Index (ICE) may fall 2350 - 4550 pips

Pivot

105.8500

Our preference

Short positions below 105.8500 with targets at 105.3700 & 105.1500 in extension.

Alternative scenario

Above 105.8500 look for further upside with 106.0000 & 106.1200 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

106.1200

106.0000

105.8500

105.6050 Last

105.3700

105.1500

105.0000

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