TheNews

The Euro, along with a range of other majors, is looking fairly helpless in the face of a rampant US dollar with parity – EUR/USD 1.000 - unlikely to hold the latest sell-off. The daily price is breaking support level at 1.007 to below for the primary bearish trend to be continuing with 0.995 possible target. Alternatively, the price will be bounced from the next dynamic support level to above for the bear matket rally to be started.

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