Dollar Index (ICE) may fall 2170 - 4170 pips

Pivot

104.4500

Our preference

Short positions below 104.4500 with targets at 104.1000 & 103.9000 in extension.

Alternative scenario

Above 104.4500 look for further upside with 104.6000 & 104.7500 as targets.

Comment

The upward potential is likely to be limited by the resistance at 104.4500.

Supports and resistances

104.7500

104.6000

104.4500

104.3170 Last

104.1000

103.9000

103.7500

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