1. Lower value relationship btw yearly value zones 2019 - 2020 - predicts bear market 2. Thinnest yearly CPR in decades - predicts massive volatility in 2020 3. 2020 floor broken - by CAM rules fall to S5 (coincides with 2018 breakout projection) 4. Yearly open below 2020 pivot - predicts bear market 5. Uncompleted breakdown projection from the 2018 (still working out) 6. Failed bullish breakout and failed retest. Is there much to go up if breakout repeats itself? No, bcs of narrow channel. 7. We are about to break historic uptrend line that goes back to the introduction of EURO in 2000 and DEM low of 1985.
8. Eurozone interest rate - 0. FED interest rate - 0.25. What's the point in accumulating EURO vs USD? 9. COVID instability around the world and devaluation of numerous currencies = all buy dollar.
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Bcs of thin CPR do not expect a congestion or range this year...Moves will be strong and directional, a sway of 1000 pips at least.