PrimedGroup

EURUSD ready to trade below parity

Short
FX:EURUSD   Euro / U.S. Dollar
EURUSD is showing strong potential of trading below the breakeven parity level and I highly believe that by the end of August we could break the parity level and trade below it for the rest of 2022.

Looking at price action on this one I see 0 reasons for buying, in fact all we are forming is constant lower highs and lower lows... which suggests we are in tune for more bearish momentum if this process continues.

We just came out of a build up range followed by a bearish flag pattern... momentum is strong and I highly believe, based on what I see, that we'll be heading south bound for now.

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