Parity came into play earlier in the week and, normally, a major psychological level of this nature would stall the move for a little bit.
But, USD strength is just dominating at the moment and parity is holding bears back from a deeper break.
Looks like a short-term head and shoulders setting up, with parity as the neckline. Keeps door open for a breakdown in the pair.
Notably, next week brings EZ inflation and an ECB rate decision.
But, USD strength is just dominating at the moment and parity is holding bears back from a deeper break.
Looks like a short-term head and shoulders setting up, with parity as the neckline. Keeps door open for a breakdown in the pair.
Notably, next week brings EZ inflation and an ECB rate decision.