The ECB left its monetary policy unchanged, in line with expectations. The information available since the December meeting has largely confirmed the central bank’s assessment of the medium-term inflation outlook, leaving the Governing Council (GC) in a wait-and-see mode. ECB President Lagarde confirmed her Davos comments, hence indicating that she still expects...
We can see EXY being expensive, with some semi important support levels while DXY on it's own has been trading in a Discount, with important support levels too. This EXY year long range brings our attention to the fact that it could break in any direction even though it coul reject the highs a 2nd -3rd time ->clearly seen in the Monthly chart.
From the technical viewpoint, we see a breakout and retest of the zone at 108.50.
The retest is exactly at 50% fibo level.
Fundamentally, there are news expected this week from German inflation and the ECB President's speech. All these are expected to be positive from our analysis which means we expect EURO index to keep pushing high
In this idea, the trend of the Euro index in June is shown.
the detail is shown in the above Idea.
I made this Idea based on wedge Analysis and Harmonic pattern using Fibonacci tools.
it is Possible that Exy Rise Up to Reach Golden Level .
Analysis:
EXY, representing a particular asset or market index, seems to be forming a pattern that suggests a potential bearish flag. Let's take a closer look at this analysis:
Bearish Flag Pattern: Think of a flag on a pole, but this time, the flagpole represents a strong downward movement in the price of EXY. The flag, which looks like a rectangular shape,...
Hello Trader,
Follow EXY ~ EUR index to trade some pair of eur effectively
I see a nice pattern with EXY in h4 timeframe
For easy understand, you can see a breakout + retest here
-> So, it will continue bump
Manage your capital correctly and carefull,
Goodluck to you !
Stronger euro forecast what this means for the market
my corellating dxy post also hitting a reversal level
this confirmation acts as an indicator to a bottoming out market
but the fed speaks 2 day which is crazy cause thats when theres turning points in the market
Higher everything at this point
stock recovery
commodity recovery
like comment follow
Introduction:
Hold onto your hats because we've got some juicy news straight from the hedge fund world. Brace yourselves for a rollercoaster ride as we delve into the wild world of euro shorts, as reported by a certain hedge fund that knows how to tickle our funny bones. Get ready to chuckle and, of course, take some action!
The Hedge Fund Report:
Picture this:...
I must admit that the current state of affairs in the currency market has left me feeling rather disheartened. It is with a heavy heart that I share with you the recent news regarding the euro's ongoing decline, even in the face of the European Central Bank's (ECB) decision to raise interest rates to unprecedented levels.
In a surprising turn of events, the...
The Euro Currency Index is following the price action that I talked about in my last analysis.
For now, not big changes when it comes to technical analysis.
Technical analysis
On the 30-minute chart, EXY is trading in a descending channel. This suggests that the bears are in control and that the index is likely to continue to decline in the short term. The next...
Hello Traders Investors And Community, welcome to this analysis where we are looking at the EXY CURRENCY INDEX which is the index to show the value of the euro in comparison to other currencies where we are looking at recent events, the current formational structure and what to expect the next times in order to handle the situation accordingly and in the right...
Euro index is completing wave B of Y from a double zigzag and after a few weeks it is expected to fall further in wave C of y. After completing these two microwaves, the chart will be updated
Our Past Euro Currency Index Analysis of March 2021:
Elementary Analysis:
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....
Euro Index... Cup & Handle pattern on Daily Time Frame... Price is on breakout level. I will get into Euro pairs unless there is successful breakout, retest and then breakout of previous HH. I would also consider possible retracement from weekly resistance and possible touch up to the purple trendline..... For me, breakout on Daily TF does not mean ONLY LONG Calls...
market turning bull not yet ready for decline expectig a push to the upside type energy to @round 80%-84%. market closed higher at target so continuation of bullish momentum is to be expected target at tp2@110.02
