Dollar Index (ICE) may fall 1340 - 2840 pips

Pivot

105.5000

Our preference

Short positions below 105.5000 with targets at 105.1000 & 104.9500 in extension.

Alternative scenario

Above 105.5000 look for further upside with 105.6500 & 105.8000 as targets.

Comment

As long as 105.5000 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

105.8000

105.6500

105.5000

105.2340 Last

105.1000

104.9500

104.8000

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