The contrarian case for a EUR/USD rally if rates can break above 1.00
The key area to watch for EUR/USD will be in the 0.9950-1.0000 zone
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The key area to watch for EUR/USD will be in the 0.9950-1.0000 zone
The key area to watch for EUR/USD will be in the 0.9950-1.0000 zone
The next directional move in EUR/USD may depend on the outcome of the central bank meetings later in July.
…the key question is: will there be a more pronounced breakdown of parity first, before it bottoms out?
The final nail in the euro’s coffin was news of a considerable deterioration in the German economic outlook
Another weak sentient report from Germany could be the straw which breaks parity’s back and send EUR/USD below this key level.
A burst of dollar strength pushed EUR/USD to just 5 pip above parity – a level which has not been tested in just under 20 years.
Can it reach parity? If so, what is stopping it from moving below parity?
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