Dollar Index (ICE) may fall 1500 - 3100 pips

Pivot

104.6500

Our preference

Short positions below 104.6500 with targets at 104.3000 & 104.1400 in extension.

Alternative scenario

Above 104.6500 look for further upside with 104.8000 & 105.0000 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

105.0000

104.8000

104.6500

104.4500 Last

104.3000

104.1400

104.0000

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