Thinnest yearly CPR in 27 yrs, most volatile year in EUR history
Central Pivot Range which is a perfect predictor of volatility to come (the thinner CPR the more volatility to expect) forecasts 2020 as the most volatile year in EURUSD history. EURUSD yearly CPR has never been so thin in its modern trading era as in 2020.
On the top of that we have got a breakdown (!) of yearly Camarilla S4, some traders compare Camarilla S4 - R4 levels to a house floor or ceiling.
Once S4-R4 is broken - price exhibits heavy volatility (Camarilla rule).
EURUSD is likely to drop to 0.90s if volatility continues downwards, what is most likely scenario of course.
Have wide SL for all EUR pairs the entire this year. Tight stops will eat your trades quick. Pullbacks are gonna be massive. Scalpers are doomed this year as their stops will be devoured immediately.
On the top of that we have got a breakdown (!) of yearly Camarilla S4, some traders compare Camarilla S4 - R4 levels to a house floor or ceiling.
Once S4-R4 is broken - price exhibits heavy volatility (Camarilla rule).
EURUSD is likely to drop to 0.90s if volatility continues downwards, what is most likely scenario of course.
Have wide SL for all EUR pairs the entire this year. Tight stops will eat your trades quick. Pullbacks are gonna be massive. Scalpers are doomed this year as their stops will be devoured immediately.