EURUSD

EURUSD Sep 21 2020

Monthly - Downtrend since 2008 with 2016 forming a SW pattern of sort.

Weekly - There is no clear acceptance above the 67%. In fact, I see 4-5 weeks of resistance below this level. The week of Sep 7 appears to the weakest as well. No clarity on bulls and bears of that week.

Daily An area of congestion has formed. 5D and 18D Up.

Daily Stats

5D Impulse Stats - 0.0448 / 0.0212

18D Impulse Stats - 0.0954 / 0.0442

5D - 0.0723 / 131% / > mean + 1

18D - 0.0954 / 107% / < mean + 1

Road Map

Weekly looks like it is testing resistance without success.

5 D and 18 D over bought. Look to short it when break out of congestion.