Dollar Index (ICE) may fall 2100 - 3900 pips

Pivot

104.5100

Our preference

Short positions below 104.5100 with targets at 104.0300 & 103.8500 in extension.

Alternative scenario

Above 104.5100 look for further upside with 104.6500 & 104.8000 as targets.

Comment

Technically the RSI is below its neutrality area at 50.

Supports and resistances

104.8000

104.6500

104.5100

104.2400 Last

104.0300

103.8500

103.7000

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