First let's remember the situation. FED has putted an end to its program. Interest rate are low and despite the rumors that FED will increase it's interest rate by summer, this will not be and should not be the case. Because if FEd is increasing its interest rate, EUR may well go bellow 1 and USD would be too expensive for US export.
prices are at a certain level, but it is not expensive enough for ECB because DRaghi is willing to import . Therefore EURUSD is continuing its progression towards 1.
The price could not go above 0.23 FIB retracement..
On a purely technical point of view, is still clear about the trend. There is no Kumo twist at any foreseeable future nor any imminent Tenkan-Kijun twist.
is still bellow 50 and even though it is above the red , the orientation is on the downside.
The lagging span is far from the prices, and the price couldn't even cross the Kijun.
There is no sign of any change of trend no reversal. Heading towards 1.
And barein mind that ECB will start spreading cash from MArch 6th onwards. And this will increase the price of USD and decrease the value of EUR. Because ECB is willing to play on the through monetary mass and prices.