Dollar Index (ICE) may fall 2340 - 3640 pips

Pivot

104.2500

Our preference

Short positions below 104.2500 with targets at 103.8300 & 103.7000 in extension.

Alternative scenario

Above 104.2500 look for further upside with 104.4000 & 104.5700 as targets.

Comment

As long as 104.2500 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

104.5700

104.4000

104.2500

104.0640 Last

103.8300

103.7000

103.5500

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