DOLLAR FALL between two strong levelsConsider the price movement on the larger TF to get an idea of the global price movement. We see that from 2016 it began to fall. Then, in 2018, it pushed off the strong support level of 89.19, rallied and was able to break the trend line of resistance 97.73. However, in July 2020 it fell and broke it again in the fall at point 93.21.
After breaking the line, the price also broke through the strong resistance level of 93.12 and finally returned to the level from which it started to rise - 89.19. Now the price is in the resistance zone 93.12, where the 2016 level and line intersect. I expect the price to fall from this level and return to the 89.81 support level. 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 👩💻
