- EURUSD picks up further pace and revisits the parity zone.
- Extra strength could see the October peak near 1.0100 retested.
EURUSD gathers steam and briefly surpasses the parity zone, where some initial resistance seems to have turned up so far.
If the pair leaves behind the parity area on a sustainable fashion, it could then challenge the temporary hurdle at the 100-day SMA, today at 1.0045. The surpass of the latter exposes a move to the October peak at 1.0093 (October 27).
While above the 9-month resistance line, today near 0.9860, extra gains look likely.
In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0462.
EURUSD daily chart