Dollar Index (ICE) may fall 2400 - 3700 pips

Pivot

105.9000

Our preference

Short positions below 105.9000 with targets at 105.4300 & 105.3000 in extension.

Alternative scenario

Above 105.9000 look for further upside with 106.0500 & 106.2500 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

106.2500

106.0500

105.9000

105.6700 Last

105.4300

105.3000

105.1500

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