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elp
Sep 1, 2014 11:47 AM

Observation EURUSD Trading to Parity?  

Euro Fx/U.S. DollarFXCM

Description

The EURUSD pair seems to be in a downward trend towards a multi-year bottom. I believe the euro could try to trade towards parity with the dollar in the next few years, where the euro is in an a wave of Y. Levels I would look to sell the eurusd pair on signs of resistance, 1.32400 - 134150 to 134800 See weekly chart here.
I could be 100% wrong, so it's imperative to use a stop loss that applies to one's risk tolerance.
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