Dollar Index (ICE) may fall 1300 - 2800 pips

Pivot

104.5000

Our preference

Short positions below 104.5000 with targets at 104.1500 & 104.0000 in extension.

Alternative scenario

Above 104.5000 look for further upside with 104.7500 & 104.9000 as targets.

Comment

As long as the resistance at 104.5000 is not surpassed, the risk of the break below 104.1500 remains high.

Supports and resistances

104.9000

104.7500

104.5000

104.2800 Last

104.1500

104.0000

103.8500

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