Dollar Index (ICE) may fall 240 - 2240 pips

Pivot

105.0300

Our preference

Short positions below 105.0300 with targets at 104.8000 & 104.6000 in extension.

Alternative scenario

Above 105.0300 look for further upside with 105.1600 & 105.2500 as targets.

Comment

As long as the resistance at 105.0300 is not surpassed, the risk of the break below 104.8000 remains high.

Supports and resistances

105.2500

105.1600

105.0300

104.8240 Last

104.8000

104.6000

104.4000

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