Sunday, July 21, 2024

EUR/USD parity will be short today

EUR_USD_Parity.jpg

EUR/USD

Support / Resistance: 0.9930 - 1.0035

Today we expect a series of data for the European area, the most important of which is Retail Sales, where better data is expected for September.
EUR/USD has reached parity, but is unlikely to hold at these levels. It is more likely today that we will see EUR/USD move down to levels up to and below 0.9950.
The strategy for today is to open short positions.

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