-
Technical Update - Will EURUSD test parity? Bigger picture
EURUSD has broken below support at around 1.0730 and is dropping fast towards key support at 1.0340. A break below, which is likely EURUSD will be set for parity i.e. EURUSD at 1.00. That level is not a technical level but merely a psychological level. A test and especially a break of Parity is for sure something that will create headlines worldwide. If parity is broken we are likely to see a dip to around 0.96 before a bigger correction. 0.96 was the bullish break out level from the 2000-2002 Bottom, Consolidation and Reversal area in the form of a Symmetrical Triangle pattern. RSI below 40 and no signs of ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Apr 27, 2022 9:28am Apr 27, 2022 9:28am
- SunOfBeach
- | Membership Revoked | Joined Feb 2022 | 170 Comments
- Comment #2
- Quote
- Apr 27, 2022 10:47am Apr 27, 2022 10:47am
- cuchuflito
- Joined Nov 2008 | Status: Member | 394 Comments
- Comment #3
- Quote
- Apr 27, 2022 1:00pm Apr 27, 2022 1:00pm
- RossEdwards
- Joined Jun 2019 | Status: Member | 3299 Comments
Warning: A Dangerous Subversive: 1% of comments CoCed
- Comment #4
- Quote
- Apr 27, 2022 4:19pm Apr 27, 2022 4:19pm
- Guest
- | IP XX.XX.74.233