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...
HELLO TRADERS
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
GOODLUCK TRADERS
PEACE OUT
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
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...
The Euro has weakened and had an increased sell pressure, especially against the dollar. I expect the pressure to continue until it reaches the next major support level.
Strong bearish momentum after declining from the upper trend line, we are now at 50.0% pullback, and we can expect a further decline in the euro index to a 61.8% level.
This is my bullish trend idea. However, wait for clear trend continue moment and wait for trend continue after can entry . This is my opinion, not for any signal service. Good luck.
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. Underlying are 100 points on 4 January 1971. Before the introduction of the...
