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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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