Dollar Index (ICE) may fall 1500 - 2800 pips

Pivot

104.4600

Our preference

Short positions below 104.4600 with targets at 104.1300 & 104.0000 in extension.

Alternative scenario

Above 104.4600 look for further upside with 104.5700 & 104.7000 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

104.7000

104.5700

104.4600

104.2800 Last

104.1300

104.0000

103.8400

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