Euro index currency on trade this week (17-22 September) is generally observed showing the movement down. Euro index after it opened at around 101.98 in early trading week was down about -102 or about -1.00% and closed at 100.96 range.
Analyst Research Vibiz of Vibiz Consulting suggests that trade at this week showed weaker pattern, whereas in the previous trading week likely to show a stronger movement.
As for trading in the coming week (September 24 to 29), the normal range of movement in weekly Euro index is expected to have a level of support in the range of 100.24 and 102.06 resistance level in the range.
Euro index movement is expected to be influenced by several factors such as: German Ifo Business Climate and Italian Bond Auction 10 Y.