EXY: How far down?

1 août 2019

EXY is one of the most important indexes which had been investigated as parallel key in EURUSD or other pairs. As it can be seen at graph, there is three important scenario based on three important historical resistance! Regardless of that, It seems this parameter fallen in to one of the resistence. Elliot wave behavior and Price action phenomenon, say to us, C leg can be formed after a lot of increasing in MACD. If that happens, we shall expected this behavior:
****increasing in EURUSD + collision to high resistence+decreasing in EURUSD.
Thank you.