EurUsd- Under parity soon, to stay this time...
If you've read my past analysis you know that I'm strongly bearish EurUsd and I draw attention multiple times to 1.03 zone resistance.
As we can see from the posted chart, after breaking above recent consolidation, the pair touched resistance and reversed violently.
At the time of writing EurUsd is trading almost in parity again and I expect a new drop under this important level.
1.01 offers good resistance now and rallies towards that zone should be sold.
0.97 is a reasonable target for swing traders
As we can see from the posted chart, after breaking above recent consolidation, the pair touched resistance and reversed violently.
At the time of writing EurUsd is trading almost in parity again and I expect a new drop under this important level.
1.01 offers good resistance now and rallies towards that zone should be sold.
0.97 is a reasonable target for swing traders
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