Is the Euro's Stability a Mirage?The Euro Currency Index stands at a crossroads, its future clouded by a confluence of political, economic, and social forces that threaten to unravel the very fabric of Europe. Rising nationalism, fueled by demographic shifts and economic fragility, is driving political instability across the contin
About Euro Currency Index
The Euro Currency Index (EXY) shows the strength of the euro against a basket of other major currencies. It’s one of the most widely used currency indices that helps determine whether the European currency is doing well. Ups and downs of the EXY often might be connected with the decisions of the European Central Bank policy. Also, the euro index usually moves inversely proportional to the US dollar index, so traders can take this into account when doing research.
Geometry: Using Chords to Predict Trend EndpointsIdentify Key Points :
Start by pinpointing significant highs and lows within the trend. These will be the endpoints of your chords.
Draw Chords:
Connect these significant highs and lows with straight lines (chords). These chords represent potential paths the market might follow.
Analyze Chord
Rate-cut discussions are prematureThe ECB left its monetary policy unchanged, in line with expectations. The information available since the December meeting has largely confirmed the central bank’s assessment of the medium-term inflation outlook, leaving the Governing Council (GC) in a wait-and-see mode. ECB President Lagarde confi
EXY - Struggling markets forces it to be in a volatile range IMOWe can see EXY being expensive, with some semi important support levels while DXY on it's own has been trading in a Discount, with important support levels too. This EXY year long range brings our attention to the fact that it could break in any direction even though it coul reject the highs a 2nd -
EXY - ANALYSISFrom the technical viewpoint, we see a breakout and retest of the zone at 108.50.
The retest is exactly at 50% fibo level.
Fundamentally, there are news expected this week from German inflation and the ECB President's speech. All these are expected to be positive from our analysis which means we exp
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current value of Euro Currency Index is 113.39 USD — it has fallen by −0.42% in the past 24 hours. Track the index more closely on the Euro Currency Index chart.
Euro Currency Index reached its highest quote on Apr 22, 2008 — 160.20 USD. See more data on the Euro Currency Index chart.
The lowest ever quote of Euro Currency Index is 95.59 USD. It was reached on Sep 28, 2022. See more data on the Euro Currency Index chart.
Euro Currency Index value has increased by 3.10% in the past week, since last month it has shown a 3.80% increase, and over the year it's increased by 6.42%. Keep track of all changes on the Euro Currency Index chart.
Euro Currency Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy Euro Currency Index futures or funds or invest in its components.