Dollar Index (ICE) may fall 960 - 2660 pips

Pivot

104.5500

Our preference

Short positions below 104.5500 with targets at 104.2500 & 104.0800 in extension.

Alternative scenario

Above 104.5500 look for further upside with 104.8000 & 104.9000 as targets.

Comment

As long as 104.5500 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

104.9000

104.8000

104.5500

104.3460 Last

104.2500

104.0800

103.9000

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