Technically the pattern is Triangle! Breaking through the border of the Triangle is a movement equal to the base of the Triangle.
The dollar has dominated the Forex market this year, losing 3% of the euro's value since early January.
Key points:
Traders are targeting euro-dollar parity.
The euro is trending toward a 6-month low.
Euro-dollar parity was last observed in 2022.
EURUSD hovered near a 6-month low of $1.0650 as Forex speculators were busy adding to their short positions. According to a Bank of America report. Traders have prepared options that will bring...
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