Dollar Index (ICE) may fall 2260 - 3760 pips

Pivot

104.3100

Our preference

Short positions below 104.3100 with targets at 103.9000 & 103.7500 in extension.

Alternative scenario

Above 104.3100 look for further upside with 104.5500 & 104.7000 as targets.

Comment

As long as 104.3100 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

104.7000

104.5500

104.3100

104.1260 Last

103.9000

103.7500

103.6000

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