Pashabxl

EURUSD: A quick update o change direction 1

FX_IDC:EURUSD   EURO / US DOLLAR
57 0 2
Well a quick update on the situation of EURUSD             .
On macro economic terms, market is taking prehentive position on the eve of ECB's decision to officialy lauch its QE             next Friday.
On the other hand, market was expecting FED to increase its interest rate by summer which will not be the case because despite the inflation, if FED is raising its interest rate, no matter how small the raise is, EUR will plunge and US will loose some compepetitiveness.
Having said that, on a purely chartist approach, one could have thought of a Tenkan-Kijun Twist, but it was not the case. Although the Lagging span is in a very bizarre situation, there is no change of trend at short time, therefore, the trend remain 1EUR-1USD
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out