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.
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.
