EXPLOSION: EuroCurrency Volatility Index

On all timeframes, EuroCurrencey Volatility Index is exploding. The upward move started in mid-March 2017 timeframe, which we believe has something to do with the French Elections.

On a monthly timeframe, the bottom bump and run reversal could signal a new period of high volatility. Positively converging MACD and RSI signals strength in the move.

On a weekly timeframe, a descending right angle broadening structure has been spotted. This signals an upthrust could be imminent.

On a daily timeframe, the massive move started in mid-March on a linear perspective.