By Martin Miller — Jan 13 - 03:48 AM
• Multiple reasons why EUR/USD will likely drop to parity
• Spot looks set to drop through 1.0196 Fibo, as 14-week momentum is negative
• 1.0196 Fibo is a 61.8% retrace of the 0.9528 to 1.1276 EBS rise
• A break below 1.0196 Fibo would unmask the 1.0000 psychological level
• Our offer has been lowered to 1.0350. EUR/USD trader
• There is interim resistance at the January 8 1.0357 high
Weekly Chart:
(Martin Miller is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters