This is the aggregate EUR index against several currencies called EXY (like DXY)
Large downtrend from 2008 was breached this quarter to the upside.
The first trigger of trend weakness occurred in the summer of 2017
when EUR index crossed over mid-line and for the rest of time
the price has remained there.
In 2021, the price has shown a false break to the upside but failed to progress further.
That top is the nearest target for the price at 123, which will book +9% profit.
The next barrier is located at the top of 2014 of 140 with +24% gain.
Large downtrend from 2008 was breached this quarter to the upside.
The first trigger of trend weakness occurred in the summer of 2017
when EUR index crossed over mid-line and for the rest of time
the price has remained there.
In 2021, the price has shown a false break to the upside but failed to progress further.
That top is the nearest target for the price at 123, which will book +9% profit.
The next barrier is located at the top of 2014 of 140 with +24% gain.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.