Dollar Index (ICE) may fall 2420 - 5020 pips

Pivot

104.6900

Our preference

Short positions below 104.6900 with targets at 104.3400 & 104.0800 in extension.

Alternative scenario

Above 104.6900 look for further upside with 104.8000 & 104.9000 as targets.

Comment

The immediate trend remains down and the momentum is strong.

Supports and resistances

104.9000

104.8000

104.6900

104.5820 Last

104.3400

104.0800

104.0000

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