Euro Currency Index

TVC

EXY (Derived Data)

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...

Update - same direction as previous post but a simple adjustment in the final bearish impulse wave

Elliott Wave

EXY

Here we can see that EXY touches the 50% level and fluctuates around 38.2% as well. With Brexit vote looming around the direction of EXY will heavily be influenced the news and that shall determine how the trade proceeds. EXY is gaining strength on smaller timeframes so I will be looking for a Buy stop order.

price has been in an upward trend. we could see price respect this rising trend. if it breaks next support is around 114-115, before another bullish move to the up side

No trade, just looking for an opportunity to short the EUR.