Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 03 - 06:55 AM

EUR/USD - Chart Shows This Market Could Well Drop To Probe Parity

By Martin Miller  —  Feb 03 - 04:46 AM

• EUR/USD downside risk grows, there is scope for a bigger drop to parity

• It could even probe 0.9941 Fibonacci level

• 0.9941 Fibo is a 76.4% retrace of the 0.9528 to 1.1276 (2022-2023 EBS) rise

• 14-week momentum remains negative, reinforcing the overall bearish market

• A break above Dec. 17 1.0535 high would shift the bias back to the upside

• EUR/USD Trader . An offer is now at 1.0400

Weekly Chart:


(Martin Miller is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2025 eFXdata · All Rights Reserved
!