Dollar Index (ICE) may fall 1290 - 3290 pips

Pivot

104.2500

Our preference

Short positions below 104.2500 with targets at 104.0000 & 103.8000 in extension.

Alternative scenario

Above 104.2500 look for further upside with 104.3400 & 104.4600 as targets.

Comment

As long as the resistance at 104.2500 is not surpassed, the risk of the break below 104.0000 remains high.

Supports and resistances

104.4600

104.3400

104.2500

104.1290 Last

104.0000

103.8000

103.6500

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