DeGRAM

DOLLAR falling to support and start growth

Long
TVC:DXY   U.S. Dollar Index
In July, the price broke through the resistance line 94.4.
This is the strong line of 2015.
After the breakout, the price corrected to the line and consolidated on it.
Then she continued to fall
During the fall, the price came to the support line 89.7.
It is also a strong line, also 2015.
And in my opinion, it should slow down the fall.
But don't stop him.
I expect the price to bounce off the support now.
But during the growth and correction, it will return to it around 89.1.
And just after that, it will be able to break through the support and fall to the next line 88.0 (also the support line in 2015).
After that, the price will push off and start to grow, break through the support again, this time in an upward movement.
And will come to the line of resistance.
The target is 92.9.

-------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!

🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.