Dollar Index (ICE) may fall 4400 - 7900 pips

Pivot

103.3000

Our preference

Short positions below 103.3000 with targets at 102.3500 & 102.0000 in extension.

Alternative scenario

Above 103.3000 look for further upside with 103.6000 & 103.8500 as targets.

Comment

The immediate trend remains down and the momentum is strong.

Supports and resistances

103.8500

103.6000

103.3000

102.7900 Last

102.3500

102.0000

101.5000

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