Will the EURUSD reverse faster than the GBPUSD?
The EURUSD climbed steadily higher to reach the 1.0030 price level overnight. However, the upward move could be paused as the price retraces to the 1.00 parity level.
With no major news events today, look for the EURUSD to break below the parity level to signal a potential reversal to the downside with the 0.9860 a target level. However, the price would have to clear below 0.9950 to signal greater strength to the downside.
With no major news events today, look for the EURUSD to break below the parity level to signal a potential reversal to the downside with the 0.9860 a target level. However, the price would have to clear below 0.9950 to signal greater strength to the downside.
