Pashabxl

EURUSD: On a big picture. Direction in towards 1

FX_IDC:EURUSD   Euro / U.S. Dollar
116 0 1
You do have here a big picture of EURUSD             witha diffrent FIB retracement It is the clear lowest and highest situation of the market.
On that chart, you will see that 50% Fib retracement at 1.2133 has been crossed. And since that time, baring in mind the policy of ECB, I claim that EUR would go bellow 1.15 towards 1.
When you see the RSI with that time frame, it appears clearly that EUR is oversold. This is not a natural move, nor able to be explained with Greece, The situation in the middle east, deflation or the Situation of Ukraine.
In technical terms, if you do compare US monetary mass in USD andEurozone Monetary mass in EUR, EUR should be well above 1.40 But there is a policy behind that situation. There is a political will of low EUR and this chart sum the situation very well.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out