Blue line- parity
Euro is again above parity against the dollar. Price has made no real progress over the past two weeks as it is trading inside the trading range between 0.99 and 1.01. Traders better be patient and wait for price to break out of this trading range. Medium-term Trend remains bearish for EURUSD. If price breaks above 1.01 then we should expect a bigger bounce maybe towards 1.02. Failure to hold price above 0.99 will lead EURUSD towards 0.97.
