Dollar Index (ICE) may fall 4400 - 6900 pips

Pivot

103.0500

Our preference

Short positions below 103.0500 with targets at 102.4000 & 102.1500 in extension.

Alternative scenario

Above 103.0500 look for further upside with 103.3000 & 103.5500 as targets.

Comment

As long as 103.0500 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

103.5500

103.3000

103.0500

102.8400 Last

102.4000

102.1500

101.9500

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