Lingrid

DOLLAR GROW from strong SUPPORT zone

Long
TVC:DXY   U.S. Dollar Index
Since March 2020, the index has been in an almost continuous decline, making corrections but still returning to a downtrend.

During this fall, he was even able to break through the level of 92.18. And then the support zone at 90.52. This is really a very strong support zone, formed by two lines. One of these lines has been around since early 2020 - from February. The second is much older, it has existed since 2012!

However, we see that the price could not seriously fall beyond the support zone, but almost immediately corrected to it and was able to break through it during the corrective growth. This is a good sign that hints that the fall in price may stop.

Now I expect that the price will rise a little more and the first thing to fix on the support zone, and then start to grow. Thus, the final target that I expect is the resistance level 92.18.

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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