Technical Update - EURUSD testing key support. If broken parity is next
Kim Cramer Larsson
Technical Analyst, Saxo Bank
EURUSD is at the time of writing testing key support at 1.0350. RSI is back below 40 threshold indicating the pair will break below support.
If it does and especially if we get a daily close below 1.0350 there is no support before parity i.e. 1.00. See monthly chart
To reverse or demolish this scenario EURUSD must move above 1.0615.
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