Downside on the EUR/USD expected to continue.
There has been increasing talk about the EUR reaching parity to the USD.
At this point, the EUR/USD is sitting in consolidation at the 1.04 support level.
It is likely that price will sit at this level for a long period, testing to break lower.
If price is able to break lower, expect to see price reach 1.02 and possibly 1.00
Look for selling opportunties below 1.0350
There has been increasing talk about the EUR reaching parity to the USD.
At this point, the EUR/USD is sitting in consolidation at the 1.04 support level.
It is likely that price will sit at this level for a long period, testing to break lower.
If price is able to break lower, expect to see price reach 1.02 and possibly 1.00
Look for selling opportunties below 1.0350
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