Bull Case
1) HH,HL
2) Broken above multi-yr S/R
Bear Case
1) Rejected by multi-yr trendline
2) No div yet, but almost forming; likely range next.
3) Rejected at Fib 0.382 lvl
4) Bearish candles forming
We show where to set the target for the "strong buy" EURO CURRENCY INDEX. The indicators confirm the bullish outlook and approximate the target by extrapolating the Cosmic Gravity basis line. The stop ticks value is set at x1.5 ATR.
Good Day,
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.
So...
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
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...
this is my bullish technical idea and price action analyze . now wait for come previews support and resistance zone after trend continue to uptrend you can entry .because overall uptrend .you can see it .however this is my opinion only no more signal
