Sideways development is expected

30.04.2021

The dollar made an attempt to continue to grow, but as soon as the local maximum was updated, sellers began to offer fierce resistance. This led to the stop of the upward movement and the beginning of the next correction.

In the future it is expected that everything will develop into a sideways trend. Consequently, it is hardly worth waiting for any directional movement. For this reason, it is recommended to remain an outside observer for a while, without performing any active trading actions.

Investment idea: flat.