Dollar Index (ICE) may fall 2100 - 4100 pips

Pivot

104.0500

Our preference

Short positions below 104.0500 with targets at 103.6000 & 103.4000 in extension.

Alternative scenario

Above 104.0500 look for further upside with 104.2000 & 104.3000 as targets.

Comment

The break below the support at 104.0500 triggered a downward acceleration to 103.4000.

Supports and resistances

104.3000

104.2000

104.0500

103.8100 Last

103.6000

103.4000

103.2000

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