JStanleyFX

EURUSD persistence at parity

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
Parity came into play earlier in the week and, normally, a major psychological level of this nature would stall the move for a little bit.

But, USD strength is just dominating at the moment and parity is holding bears back from a deeper break.

Looks like a short-term head and shoulders setting up, with parity as the neckline. Keeps door open for a breakdown in the pair.

Notably, next week brings EZ inflation and an ECB rate decision.

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