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26 Oct 2022
EUR/USD Price Analysis: The next hurdle comes at 1.0050
- EUR/USD surpasses the parity in a sustainable fashion.
- There is scope for a visit to the 1.0050 level in the near term.
The weekly upside in EUR/USD remains healthy and manages to leave behind the key parity zone on Wednesday.
The surpass of this key region could spark a more serious recovery in the short-term horizon. Against that, the immediate barrier is expected at the weekly top at 1.0050 (September 20).
In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0516.
EUR/USD daily chart
