Euro Currency IndexShort
EUR WEAKNESS TO COME (EXY monthly view)
Hi All,
We have been trading the EURUSD all year with a strong bias towards the downside.
Looking at the monthly "EXY" Euro currency index we can clearly see a strong momentum building to the downside (falling wedge cycle).
Observing the latest economic climate highlights the worsening slump within the EU bloc. With the ongoing Brexit and Germany looking towards a recession and with key EU zones weakening we can only see further weakness in the EU looming.
We have been trading the EURUSD all year with a strong bias towards the downside.
Looking at the monthly "EXY" Euro currency index we can clearly see a strong momentum building to the downside (falling wedge cycle).
Observing the latest economic climate highlights the worsening slump within the EU bloc. With the ongoing Brexit and Germany looking towards a recession and with key EU zones weakening we can only see further weakness in the EU looming.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.