Dollar Index (ICE) may fall 2400 - 4400 pips

Pivot

105.5500

Our preference

Short positions below 105.5500 with targets at 105.1000 & 104.9000 in extension.

Alternative scenario

Above 105.5500 look for further upside with 105.8000 & 106.0500 as targets.

Comment

As long as the resistance at 105.5500 is not surpassed, the risk of the break below 105.1000 remains high.

Supports and resistances

106.0500

105.8000

105.5500

105.3400 Last

105.1000

104.9000

104.7500

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