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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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.