Europian Central Bank :
In last announce for Draghi concentrate that there is no limite for ECB tools to deploy, which mean will continue in direction of plunge euro rate against major currencies situation whatsoever in current trend-down or after correction , hence the new low below 1.0460 will achieve sooner or later.
The current bubbles popup recently in Euro is blaming Draghi for weakness the EURO which mean we may see little positive in Euro and flowup on water at least for braves , by other meaning we may see a correction for EUR . This is in view of EURO index power .
FED Reserve Bank:
The last interest rates hiked in DEC 2016 and according to the minutes of meeting and announcements by Yellen or FED's members they agreed in one tone that the interest rates increase will be gradually to review the data output accordingly, therefore we expect the next excersise for interest rate based on quarterly will be on March 2016, but recent data were not encouraging enough specially the GDP declines 4thQ along with negative trade balance , moreover the price index, taking consideration the Un-employment rates is not whole important issue in economic data, it is just tools or indicators to measure the health economic which ended by GDP.
Finally , the US Economic is not courage for USD index to fly at least till end of 1st Q 2016 such data will impact for coming months negatively till coming interest decision March 2016.
Japan Central Bank :
The impact of Japan Bank for negative rate decision will translated to about 10 trillion to 30 trillion yen initially and apply as new reserves, but the question is it will Japan Bank will concentrate on USD or maroj currencies basket (EUR, GBP, CHF...etc) as seen on Friday 29th Jan'16 the only effected by Japan decision is USD !!.
Again , what it the relation between Japan Bank decision of negative Interst Rate and EURUSD ? The answer need to concentrate more on other pairs reflection i.e EURJPY & also GBP/JPY if seen same bull-back like USDJPY then the affect of Japan decision will be neglected on EURUSD , otherwise, we may see more downtrend on EURUSD.
Elliott Waves :
After concidering the option above we may see FEB till MAR little Weakness in USD as index in view of not ECB not offering the kind of new tools Draghi talking about ! .
Hence out of fundamental we placed 3 scanarios in EURUSD and will catch the joining waves and trade on it .
Scenario 1 :
