April 8, 2021

Not legal and financial advice;
Any information provided here is only the personal opinion of the author.

Comment:

Time is the main problem 4 common currency, if it loose steam then we will face another decline earlier then it was expected before. Imho DXY long is the main trend this days, not short already. One can say that historically for the last 20 years April was 80 pct. net negative USD trading story, but we must understand that markets are in extreme unusual stance atm and we already seen some usd retrace. Anyway it is lyrics, let's just trade according to levels:
support 1.1862 / 1.1840 / 1.18
resistance 1.1872 / 1.1893 / 1.1915 / 1.1949

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due 2 mixed markets I'm more bearish eurusd here than bullish, but need confirmation. Tactically short with sell on upticks?

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resistance 1.1895 then 1.1919