Dollar Index (ICE) may fall 2600 - 4600 pips

Pivot

104.4500

Our preference

Short positions below 104.4500 with targets at 104.0000 & 103.8000 in extension.

Alternative scenario

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

Comment

As long as the resistance at 104.4500 is not surpassed, the risk of the break below 104.0000 remains high.

Supports and resistances

104.7500

104.6000

104.4500

104.2600 Last

104.0000

103.8000

103.5000

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