Dollar Index (ICE) may fall 770 - 2270 pips

Pivot

105.3400

Our preference

Short positions below 105.3400 with targets at 105.1000 & 104.9500 in extension.

Alternative scenario

Above 105.3400 look for further upside with 105.5200 & 105.6500 as targets.

Comment

As long as 105.3400 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

105.6500

105.5200

105.3400

105.1770 Last

105.1000

104.9500

104.8000

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