Dollar Index (ICE) may fall 1380 - 2880 pips

Pivot

104.7500

Our preference

Short positions below 104.7500 with targets at 104.5100 & 104.3600 in extension.

Alternative scenario

Above 104.7500 look for further upside with 104.9000 & 105.0500 as targets.

Comment

As long as the resistance at 104.7500 is not surpassed, the risk of the break below 104.5100 remains high.

Supports and resistances

105.0500

104.9000

104.7500

104.6480 Last

104.5100

104.3600

104.2000

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