InsideMarket

EURUSD parity may not be the case right now.

FX:EURUSD   Euro Fx/U.S. Dollar
Zooming out the chart a big wave C has been completed @ monthly since last april.

With this perspective, the daily chart the A leg (in orange) could be a first wave. The flat (abc in blue) is a second wave and the third wave is being developed.

Weekly, it is somewhat possible we are seeing a forth wave now. If price refuses to go beyond the $1,186 EURUSD             may be ready for a the 5th wave towards parity.

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