BitonGroup

Euro Currency Index (EXY) Analysis 10/03/2021

Short
TVC:EXY   Euro Currency Index
there exist a very steep Bearish Divergence between the price and MACD and Its Histogram, which is the sign of trend reversal.

the price has already broken the low bond of the ascending parallels Channel where it was rallying earlier.

price has retested the Support line and it didn't stand after the second attempt and now turned to resistance, which is a very important sign of the trend change and index fall
we can target the golden zone of the Fibonacci retracement of the impulsive wave in order to find the depth of the price correction and retracement.
Trade closed: target reached: the Index Has Fallen to the Predicted Level
Trade active: new Analysis of 2022 has been Published:


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