Lingrid

DOLLAR leave channel and FALL

Short
TVC:DXY   U.S. Dollar Index
And so, the price has been growing in an upward channel since the beginning of this year. During the growth, it tried to break through the lower border of the channel - the support line, but eventually returned to the channel. In the process of growth from the lower border of the channel, the price was able to break through the strong support line at 91.42. Then it continued to grow and touched the resistance line 92.52 - the upper border of the channel. This happened in early March and since then the price has been in decline.

The falling price came to the support line at 91.36, bounced back but could not grow much and, as a result, made a false breakdown of the support at 91.58. Now it is on the line again, but I expect the price to break it again and after the breakdown it will go down to the senior support line at 91.30. This will be our goal.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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