Chart Analysis - Euro IndexWill touch 423.60% level. Usually correction will be occurred after touching 423.60% level. Be careful!
Euroindex
Euro index time and price analysisI believe this range can extend up to 5 months in time until mid July , then we shall have a strong rally up.
EXY has a bullish divergence on daily chart!!!EXY has a bullish divergence @ macd histogram.
115.7-116 is a possible reversal zone for EXY then it can make a rally to 118.1 and 119.5.
Have a nice day,
Berk.
Euro Currency Index (EXY) will lose its power in future!!!Euro Currency Index seems that it will lose some power against other currencies during next weeks.
April and May will be very important for EXY.
Technical Analysis details:
-I observed a divergence on weekly chart which can start a new bearish trend.
-Stoch gives some bearish signals for future.
-Wave Trend Analysis gives some signals that we are at the top of weekly trend.
I hope you enjoyed with my analysis.
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Have a nice day.
Berk
EURO index: Targetting another 8% increase in the coming year?My Euro index broke its symetrical triangle to the upside and I a logical target would be 61.8% of the whole move down from the high which matches the 100% extension of the first wave within the triangle. There is also a trendline that should cap the price. Byuing the dips is probably the most viable trading strategy in the year coming.
EURO index breaking its multiyear symetrical triangle. #EUROMy weekly euro index is breaking its LT consolidation pattern to the upside. I'll be watching the weekly close as a confirmation and will then opt for a one sidded buying strategy to target much higher prices.
