9 Mar 2015
EUR/USD: Parity looking increasingly more likely - 2ndSkies
FXStreet (Bali) - Chris Capre, Founder at 2ndSkies Forex, shares his view on the EUR/USD, still expecting lower levels for downside target at 1.05, and parity looking increasingly more likely.
Key Quotes
"I'm looking for a pullback to a resistance level to get short with my first being around 1.1012 and the next being 1.1154. Only a daily close above the latter changes the ST & MT bearish bias."
"Downside targets are the 'big figure' at 1.05, with parity looking increasingly more likely by the end of 2015, and likely sub-parity in 2016."
Key Quotes
"I'm looking for a pullback to a resistance level to get short with my first being around 1.1012 and the next being 1.1154. Only a daily close above the latter changes the ST & MT bearish bias."
"Downside targets are the 'big figure' at 1.05, with parity looking increasingly more likely by the end of 2015, and likely sub-parity in 2016."