Dollar Index (ICE) may fall 2500 - 4100 pips

Pivot

104.7700

Our preference

Short positions below 104.7700 with targets at 104.3600 & 104.2000 in extension.

Alternative scenario

Above 104.7700 look for further upside with 104.9000 & 105.0500 as targets.

Comment

As long as the resistance at 104.7700 is not surpassed, the risk of the break below 104.3600 remains high.

Supports and resistances

105.0500

104.9000

104.7700

104.6100 Last

104.3600

104.2000

104.0800

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