EUR / USD: outlook for 2009

   Long term: towards LQ (1.1034)

On a yearly basis, Bollinger band spread is not minimal and LY is flat. Our stochastic will be overbought next period. A bearish crossover will develop with our 7 / 23 years moving averages. MY (1.1932) is our first objective.

On a quarterly basis, the status for our 7 / 23 quarters moving averages will be a bearish A type crossover. Crossover for our Stochastic and MACD was done at the same time.  LQ (1.1034) is our main objective.

On a monthly basis, the UM / LM spread is wide but increasing (new high for volatility). Our stochastic and MACD are not oversold. A bearish A type crossover could be the status for our 7 / 23 months moving averages. LQ is our first target.

Idea: towards LQ (1.1034) is not ruled out.

 

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