EUR/USD Bears Pushing Prices Towards Parity

In our recent commentaries, we have talked about looking to sell the EUR/USD on any strength/temporary push higher, in order to trade in-line with the bearish momentum in this market. As we can see in the charts below, the EUR/USD broke lower today after a brief retrace higher early this week.

Sellers are clearly very much in control of this pair right now and we see potential for it to move even lower, perhaps to parity in the coming weeks. We remain committed to the same view we have had for weeks now in the EUR/USD; looking to sell on strength, in order to get on board with this downward moving market.

EUR/USD Daily Chart

Weekly chart:

EUR/USD Weekly Chart

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