Key levels to look out for when analyzing the index.
I am looking at a Long Position to 113 TVC:EXY Based on the Harmonic Pattern Drawn, I look for the Retracement of the final leg (D) to go 50% on Fibonacci which lies around 113 range This is not a recommendation to take this trade This trade was posted for educational purposes only
DXY on level to go down EXY on level to go up EURUSD must go up tech is good for this.
The Euro is at a key level and a .618 fib. If we have a close above 113/114 for the month of December, I'll be leaning towards Bullish momentum for the beginning of 2019. It has formed a weak falling wedge shape on the monthly, but a falling wedge none the less. Analysis for this is pretty simple, majority of it can be explained on my chart. Thanks
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.