Dollar Index (ICE) may fall 1400 - 2900 pips

Pivot

104.4500

Our preference

Short positions below 104.4500 with targets at 104.1500 & 104.0000 in extension.

Alternative scenario

Above 104.4500 look for further upside with 104.6000 & 104.7500 as targets.

Comment

The RSI is mixed with a bearish bias.

Supports and resistances

104.7500

104.6000

104.4500

104.2900 Last

104.1500

104.0000

103.8000

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