Even though the cycle seems to be near its end for a downward move, the fractals are still building in a downward direction. There is very strong support, at different levels, but based on the leading indicators and fractals it looks like this will bounce around a little at the resistance points and then breakthrough.
I am new to this platform and don't really know how to post/share charts that are running on my platform. This chart is a simple representation of how a leading indicator can be used to predict a direction for the EUR.USD pair even when it goes against most technical indicators. The overall direction shown here is based on 2 pieces of information. 1) The...
