Dollar Index (ICE) may fall 500 - 2000 pips

Pivot

105.0200

Our preference

Short positions below 105.0200 with targets at 104.8000 & 104.6500 in extension.

Alternative scenario

Above 105.0200 look for further upside with 105.1000 & 105.2100 as targets.

Comment

The break below 105.0200 is a negative signal that has opened a path to 104.8000.

Supports and resistances

105.2100

105.1000

105.0200

104.8500 Last

104.8000

104.6500

104.4500

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