Look at the shape carefully
We have two scenarios for the Euro move, it may climb to a higher level or it may start to fall.
And I'll follow up on this analysis again this week
To see how the market reacted
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The entire industrialized world is engaged in a form of economic warfare known as inflation.
The idea being that if you can make your currency less valuable it makes your export more attractive for the foreign nations than if your currency was more expensive. So this has to do with fluctuations in currency prices. What you...
If we watch the monthly chart we can see Euro currency index is in a strong downtrend since the Great Recession.
The price now arrived to a support zone which is the 100. In my opinion it's a psychological support/resistance level, cause 100 is a whole number. At this point the price can go upward to the downtrend line, which location is at Fibonacci's 23,6%...
We have been trading the EURUSD all year with a strong bias towards the downside.
Looking at the monthly "EXY" Euro currency index we can clearly see a strong momentum building to the downside (falling wedge cycle).
Observing the latest economic climate highlights the worsening slump within the EU bloc. With the ongoing Brexit and Germany looking...
EXY is one of the most important indexes which had been investigated as parallel key in EURUSD or other pairs. As it can be seen at graph, there is three important scenario based on three important historical resistance! Regardless of that, It seems this parameter fallen in to one of the resistence. Elliot wave behavior and Price action phenomenon, say to us, C...