EURUSD
The pair broke the parity level for the first time in 20 years, and this situation is unsustainable. Sellers are cautiously mastering the area of 0.9950−0.9850, but fixing profits too quickly and cannot consolidate yet. Key price zones remain, although the euro still has a chance for a positive. The level of 1.0050−1.0150 is accumulating buying interest, but the support of the foundation is needed for a confident upward movement. We are waiting for a signal from the ECB.
The pair broke the parity level for the first time in 20 years, and this situation is unsustainable. Sellers are cautiously mastering the area of 0.9950−0.9850, but fixing profits too quickly and cannot consolidate yet. Key price zones remain, although the euro still has a chance for a positive. The level of 1.0050−1.0150 is accumulating buying interest, but the support of the foundation is needed for a confident upward movement. We are waiting for a signal from the ECB.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.