EURUSD: No change of target. Towards 1.00 and bellow
As you may see on the chart, I didn't had the feeling to update the general trend. although there was a little attempt to move upward, the wave was not powerful enough for a full reversal. It was rather a little upside correction.
At the present time, Greece is in a pitiful situation asking now Germany to reimburse the damage of WWII , a damage that has already been paid and a deal was made more then 60 years ago.
ECB will launch its QE in March 6 th i.e 3 weeks time. Therefore, the market will be full of EUR at a time where FED's interest rate are low, but not negative and particularly at a time where FED members are planning to increase although slowly the interst rate. Therefore on the macro economic terms, EUR vs USD the power is in the hand of USD and Europe will profit from a low currency.
At the present time, Greece is in a pitiful situation asking now Germany to reimburse the damage of WWII , a damage that has already been paid and a deal was made more then 60 years ago.
ECB will launch its QE in March 6 th i.e 3 weeks time. Therefore, the market will be full of EUR at a time where FED's interest rate are low, but not negative and particularly at a time where FED members are planning to increase although slowly the interst rate. Therefore on the macro economic terms, EUR vs USD the power is in the hand of USD and Europe will profit from a low currency.
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