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EURUSD: 1 or bellow is still the target

FX:EURUSD   Euro Fx/U.S. Dollar
After a little break because of the New Year celebration, new agenda and Greek Elections, here we are again.
Ichimoku gives a clear picture of the situation. One can read my former analysis. First you should remember the game plan of ECB. Draghi is planing to import inflation by reducing the value of EUR against USD so that the price of commodities imported in USD would be more expensive . However, ECB was planning a Brent that should have been around 70 USD but it is bellow 50 USD. Therefore, the initial headline goal of EUR USD was 1.10-1.15 range but because of the cheap commodities , ECB may seek to go at 1 or even bellow 1 towards 0.90.
Therefore, even is there are some upside corrections, the general headline goal remain 1.0 and bellow. Bare in mind that ECB will put 60 Bio Euros on the market every month starting from March 6th. Therefore, the monetary mass will be in favor of USD and against EUR. There is a room until Summer 2015 when FED would start to consider increasing interest rate . When FED will decide to increase GRADUALLY its interest rate , EUR would go deep down.
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