EURO CURRENCY INDEX (EXY) 4-HOUR TIMEFRAME SHORT

29 mag 2019

The Euro currency index has been moving in a series of lower highs and lower lows following the unsuccessful European Union parliamentary elections and also all the clouds surrounding Mrs. T. May. A break above the 112 price level will invalidate this idea.

Short-sellers can target the 110.5 area, which is the bottom of the descending channel, as a potential profit-taking level.