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DeGRAM
Feb 16, 2021 9:22 AM

DOLLAR growth from support Long

U.S. Dollar Currency IndexTVC

Description

Since December, the price has been moving in a growing channel.
A few days ago, she hit support 90.4.
Thus, the price left the channel and went down to support 90.2.
Now I expect a rise to the resistance line.

This resistance line has been in existence since May 2020.
The price will not be able to break it.
From support 90.2 the price will return to the channel.
Then it will fix at the bottom line of channel 90.6.
And will rise to resistance.
The goal is 91.1.

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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Comments
bogo
Data released extremely well for dollar jumped to 91. What do you think can it break this resistance line now? Will the news effect the downtrend?
Lingrid
the price is struggling with the line
DeGRAM
@Lingrid, Victory is ours
Solldy
On February 4, the price bounced off the resistance line! The price reached the support line perfectly! There will be a price return! Will it be 92.5?
DeGRAM
@Solldy, Will see.
UnknownUnicorn15614419
Do you think it is possible that the price will fall below the support?
DeGRAM
@TradingStat, I don't think the price has already increased.
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