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Can the euro retest parity? - BofA
Bank of America Global Research highlights a technical setup for EUR/USD to retest parity over the medium-term."While the DXY is on watch for a double bottom, such confirmation would support euro retesting parity Of the six times euro was below 1.15 and formed a bottom, euro retested the lows at least once (see blue circles in chart below). In this cycle it has not done this yet. Will history repeat?," BofA adds.For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial...
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Posted: Jun 6 2023, 19:04
Author Name: forexlive
Views: 110235