The EXY has three price targets for the 120 supply zone, next candle momentum is suggested to be bullish to the first indicating that the price is entering a bullish momentum. But, the RSX RSI is showing that this is a bearish trend and so we would need a higher low to the current low to be in a clear bullish trend -that higher low hasn't happened.
exy has reached the resistance zone 107.60 and just little above it is 108.52. it seems there is alot of rejection happening from the resistance 107.6, it'll be quite hard for price to reach 108.5 resistance. looking at Macd if price reaches the bearish divergence the price can reach back to 104. This is possible since weekly price is still in bearish zone.
Euro index is on a major trend line which acts as support for this index
we see a divergence on MACD which make us more determined for this bullish analysis
target of index is 109.7 for which index will touch another pink major trenline
as we analyzed previously, DXY is beaish for a while and EXY is bullish now according to this analysis ,so we will have better...
The price action appears to contract on the macro level but if we take a look at each swing from a geometrical point of view we have so many textbooks events that lead me to the idea that we might have finished something here and we are going back into the contracting area which eventually we'll reach the apex when we decide which way we are going in terms of...
Recently we have seen euro index EXY becoming very weak and showed a retracement at the start of the week and yesterday a continuation to the downside
EURJPY has been on a downtrend for weeks and for the past few days moved up and now retesting a strong support
a continuation to the downside is expected
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...
Our Past Euro Currency Index Analysis of March 2021:
The Euro Currency Index (EUR_I) represents the arithmetic ratio of four major currencies against the Euro: US Dollar, British Pound, Japanese Yen and Swiss Franc. All ratios are expressed in units of currency per Euro. The index was launched in 2004 by the exchange portal Stooq.com....