Pashabxl

EURUSD: 1 and bellow towards 0,9253

FX_IDC:EURUSD   Euro Fx/U.S. Dollar
53 2 4
For those of you who follow my analysis on a regular basis, I've mentioned monthes ago that ECB was planning a QE and that the aim was to devaluate EUR against USD in order to favor the importation of inflation and the export as well.
On a pure chartist approach, you do have here the resistence and support level of EURUSD             pair.
The primary target remain 1 and the next target remain 0,925.
We will then see if this level is enough, and if it has an impact on ECB's policy. If not, then we may go further down towards 0,88 and 0,86. This depends on the commodity prices, as well as on the inflation based on production prices. Of course, if FED decide to increase its interest rate, even by 0,50 base point, this would have a tremendous impact on the pair, baring in mind that EUR is on a negative territory in terms of interest rate.
Don't you think we will see a small correction first, before the breakout down? RSI shows oversold long time ago..
Reply
Yahia.Awes Yahia.Awes
I think a 1.1200 is very possible before going downwards further.
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out