EUR/USD Forecast: Leaves Parity Behind

It’s likely that we continue to see more downward pressure than up, so I have absolutely no interest in buying this pair anytime soon.

The EUR/USD has broken through parity again during the trading session on Monday and has now left the parity level behind. In fact, it looks like the Euro is going to try to go down to the $0.99 level, and beyond. I have been saying for a while that if we give up parity, it’s very likely that the first target will be the $0.98 level, and there’s nothing on this chart that remotely suggests that we are not going to at least try to get down there.

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