Dollar Index (ICE) may fall 1670 - 3170 pips

Pivot

104.4000

Our preference

Short positions below 104.4000 with targets at 104.1800 & 104.0300 in extension.

Alternative scenario

Above 104.4000 look for further upside with 104.5500 & 104.7200 as targets.

Comment

As long as the resistance at 104.4000 is not surpassed, the risk of the break below 104.1800 remains high.

Supports and resistances

104.7200

104.5500

104.4000

104.3470 Last

104.1800

104.0300

103.9000

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