EURUSD is still on the down trend. At the present time, Ichimoku do not see any change of trend i.e lagging span, Kumo Cloud, Tenkan-Kijun Twist, not on the candles or on the RSI which is still oriented on the downside. Of course the pair is sensible to the political environment in Europe and particularly in the discussion about the future of the Greek Debt. Therefore any settlement of the problem would impact the pair. However, ECB's long term strategy remain to import some inflation in Europe through the commodities prices. Therefore a low euro against USd is needed ever more then ever because the commodities prices are rather low.
Bare also in mind that ECB will start to flow the market with fresh Euro from MArch6th whereas FED is planning to increase its interest rate although slow but from summer time i.e June-July which in a sense will increase the value of USd and therefore will have an impact on the pair. So you have the big picture, and you decide.
Bare also in mind that ECB will start to flow the market with fresh Euro from MArch6th whereas FED is planning to increase its interest rate although slow but from summer time i.e June-July which in a sense will increase the value of USd and therefore will have an impact on the pair. So you have the big picture, and you decide.
