Technical update - EURUSD paving the way to parity ?
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.
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