Dollar Index (ICE) may fall 1400 - 3400 pips

Pivot

104.3500

Our preference

Short positions below 104.3500 with targets at 103.9000 & 103.7000 in extension.

Alternative scenario

Above 104.3500 look for further upside with 104.5000 & 104.6500 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

104.6500

104.5000

104.3500

104.0400 Last

103.9000

103.7000

103.5000

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