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CFDs and forex spot transactions are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor lose money when trading CFDs and/or forex spot with this provider. 0.35% of retail clients trading in leveraged products experience a negative account balance after a stop out occurred. You should consider whether you understand how CFDs, forex spot transactions or any of our other products work and whether you can afford to take high risk of losing your money.
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Technical Technical Technical

Technical update - EURUSD paving the way to parity ?

Forex 2 minutes to read
KCL
Kim Cramer Larsson

Technical Analyst, Saxo Bank

1.21 seems to be a Pivot point for EURUSD. Breaking below last week fueled a sell off down to 1.08. Bouncing back to test the 1.1121 only to be rejected. EURUSD is likely to test 1.0725 support. If breaking below which is not unlikely testing of parity is in the cards.

Source: Saxo Group
Source: Saxo Group

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