Dollar Index (ICE) may fall 270 - 2270 pips

Pivot

105.4100

Our preference

Short positions below 105.4100 with targets at 105.1000 & 104.9000 in extension.

Alternative scenario

Above 105.4100 look for further upside with 105.6000 & 105.8000 as targets.

Comment

As long as the resistance at 105.4100 is not surpassed, the risk of the break below 105.1000 remains high.

Supports and resistances

105.8000

105.6000

105.4100

105.1270 Last

105.1000

104.9000

104.7500

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