As the EUR/USD bounced from 1.04, breaking above 1.05 and now testing 1.06
It might seem like risk of EUR/USD to parity has been adverted. However, this could also be viewed as the correction required for a next move lower.
If EUR/USD is able to break above 1.06, look for short term buying opportunities towards 1.07.
However, i would prefer to stay out, and look for end of the correction to sell down towards the support levels.
It might seem like risk of EUR/USD to parity has been adverted. However, this could also be viewed as the correction required for a next move lower.
If EUR/USD is able to break above 1.06, look for short term buying opportunities towards 1.07.
However, i would prefer to stay out, and look for end of the correction to sell down towards the support levels.