Dollar Index (ICE) may fall 1030 - 2030 pips

Pivot

104.4500

Our preference

Short positions below 104.4500 with targets at 104.1500 & 104.0500 in extension.

Alternative scenario

Above 104.4500 look for further upside with 104.5500 & 104.7000 as targets.

Comment

As long as 104.4500 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

104.7000

104.5500

104.4500

104.2530 Last

104.1500

104.0500

103.9000

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