Dollar Index (ICE) may fall 1800 - 3100 pips

Pivot

103.4500

Our preference

Short positions below 103.4500 with targets at 103.0500 & 102.9200 in extension.

Alternative scenario

Above 103.4500 look for further upside with 103.6000 & 103.7600 as targets.

Comment

As long as 103.4500 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

103.7600

103.6000

103.4500

103.2300 Last

103.0500

102.9200

102.7000

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