dylansi

dylansi

Based on the ADX indicating a weak trend strength (below 20) currently, and heavy resistance at 0.8279, the trend will be bullish when significantly below 0.8279 and bearish when at 0.8279. The trend will change towards the end of 2021 when the resistance and trend lines converge. At this point, I would employ a strategy of going short when at 0.8279 and going...

dylansi Updated 

Expect a drop the the 38.2% fibonacci retracement level by the week's end. channel highs on the weekly chart are followed by drops to the 38.2% retracement level EUR/USD was roughly at a channel high last week