EURUSD: Inching closer to Parity?!!

EURUSD

Intraday - We look to Sell at 1.0595 (stop at 1.0657)

The medium term bias remains bearish. There is scope for mild buying at the open but gains should be limited. Bespoke resistance is located at 1.0600. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.0600, resulting in improved risk/reward.

Our profit targets will be 1.0452 and 1.0400

Resistance: 1.0525 / 1.0550 / 1.0575
Support: 1.0500 / 1.0475 / 1.0450

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Chart PatternsEUREURUSDeurusdforecasteurusdshorteurusdsignalfiberTechnical IndicatorsparityTrend AnalysisUSD

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