Dollar Index (ICE) may fall 1000 - 2300 pips

Pivot

104.4200

Our preference

Short positions below 104.4200 with targets at 104.1800 & 104.0500 in extension.

Alternative scenario

Above 104.4200 look for further upside with 104.5500 & 104.7000 as targets.

Comment

Technically the RSI is below its neutrality area at 50.

Supports and resistances

104.7000

104.5500

104.4200

104.2800 Last

104.1800

104.0500

103.9000

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