As I said last time, the dollar grew from support and made a correction The correction turned out to be more than expected. After it, the price returned to support 90.3. This is a small line formed in December 2020. However, its only breakdown was at the beginning of this year. The line will stop the price drop. The dollar will rise to resistance as expected. Target - 91.0
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Looks good with great potential of success, friend) But don't you think that the overall positive economic agenda will eventually weaken the dollar a little?
DeGRAM
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@TradingStat, Thank you.
This is possible in a short term. But I am considering a long-term move.
Lingrid
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thank you for sharing
i was just thinking about how the dollar feels
Yes that move makes sense - it's at a key level of support & from the Elliott perspective weekly. It needs a move up (not too much) but enough to make a dent in all US cross pairs.