Pashabxl

EURUSD: A constructive move toward 1,295

FX:EURUSD   Euro Fx/U.S. Dollar
On an Ichimoku indicator, we can clearly see a Tenkan-Kijun twist outside the cloud that may alert of a change of direction for the pair. However, there is no Kumo cloud twist nor the Lagging span may cross the price and the think part of the cloud.
Therefore there is no reversal expectation but only an adjustment of the price where EURUSD             is oversold. There may be a move until 1,295 before EURUSD             goes bellow 1,25 which is also an expectation of ECB in order to import inflation to EUROZONE market.
The commodity price are ery             low and will remain low.
Iskandarglenn
2 years ago
Thanks Pashabxl,
Can you then give a forcast for gold!
Down I assume, by your Euro/$ chart?

Glenn
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Pashabxl PRO Iskandarglenn
2 years ago
yes very much XAUUSD is down with at least 1180 or even bellow until 1060 before entering long.... You may find my GOLd studies on my profile
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Iskandarglenn
2 years ago
Good Day to you Pashabxl,
Down for Eve and Adam bottoms?
Looks like that to me!
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