Dollar Index (ICE) may fall 1770 - 3270 pips

Pivot

104.4200

Our preference

Short positions below 104.4200 with targets at 104.0500 & 103.9000 in extension.

Alternative scenario

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

Comment

The RSI lacks upward momentum.

Supports and resistances

104.7000

104.5500

104.4200

104.2270 Last

104.0500

103.9000

103.7500

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