Dollar Index (ICE) may fall 2500 - 4200 pips

Pivot

104.8000

Our preference

Short positions below 104.8000 with targets at 104.2500 & 104.0800 in extension.

Alternative scenario

Above 104.8000 look for further upside with 105.0000 & 105.2000 as targets.

Comment

As long as 104.8000 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

105.2000

105.0000

104.8000

104.5000 Last

104.2500

104.0800

103.9000

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