Dollar Index (ICE) may fall 800 - 2800 pips

Pivot

104.3400

Our preference

Short positions below 104.3400 with targets at 104.0000 & 103.8000 in extension.

Alternative scenario

Above 104.3400 look for further upside with 104.4600 & 104.6000 as targets.

Comment

The RSI advocates for further decline.

Supports and resistances

104.6000

104.4600

104.3400

104.0800 Last

104.0000

103.8000

103.6500

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