Dollar Index (ICE) may fall 3720 - 5720 pips

Pivot

103.9500

Our preference

Short positions below 103.9500 with targets at 103.5500 & 103.3500 in extension.

Alternative scenario

Above 103.9500 look for further upside with 104.1500 & 104.3000 as targets.

Comment

As long as 103.9500 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

104.3000

104.1500

103.9500

103.9220 Last

103.5500

103.3500

103.2000

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