Dollar Index (ICE) may fall 1850 - 2950 pips

Pivot

104.7700

Our preference

Short positions below 104.7700 with targets at 104.5000 & 104.3900 in extension.

Alternative scenario

Above 104.7700 look for further upside with 104.9000 & 105.0500 as targets.

Comment

As long as 104.7700 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

105.0500

104.9000

104.7700

104.6850 Last

104.5000

104.3900

104.2700

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