Dollar Index (ICE) may fall 2230 - 4030 pips

Pivot

103.2200

Our preference

Short positions below 103.2200 with targets at 102.8800 & 102.7000 in extension.

Alternative scenario

Above 103.2200 look for further upside with 103.3600 & 103.5500 as targets.

Comment

As long as 103.2200 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

103.5500

103.3600

103.2200

103.1030 Last

102.8800

102.7000

102.4000

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