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Saif_R
Dec 20, 2021 7:29 AM

EUR INDEX  Long

Euro FX FuturesCME GLOBEX

Description

HELLO TRADERS
- Let me give you a brief BREAK DOWN of all EURO Index.

EUR INDEX WEEKLY CHART :

In weekly Time frame we can see price is moving nicely in between this symmetrical triangle. Which is quite possible for the price again to test triangle support line for 3rd touch. I am expecting a bit more room for euro bearish movement.

EUR INDEX 2 DAY CHART :

In 2 Day chart, We got Trendline for the confirmation. As we can see price is nicely following descending trendline so unless price not broke this trendline we gonna see the bearish momentum.

EUR INDEX 8 HOURS CHART:

In 8 Hours a clear level is mentioned which is nicely on the trendline and as well as daily structure, Should wait for a reversal or maybe breakout here.
Comments
VincePrince
Interesting view, thank you for sharing.
SabahEquityResearch
Great outlook
Saif_R
@CountLikeWallStreet Thanks
Mihai_Iacob
Nice to see someone who is looking at eur index.
Indeed, eur is very weak and can drop further
Thanks for sharing this chart
Saif_R
@OptimoomFX, thanks
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