LeoPrime Daily Market Analysis

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EURUSD testing the parity; Likely to fall to support level 0.99000.


EURUSD currency pair continues to fall inside the active minor impulse wave 3, which previously broke through the two powerful support levels – 1.03600 (former monthly low from May and June) and then the
support level 1.02000. The price level 1.02000 then served as the resistance in the subsequent two trading sessions. The price is currently testing the parity – 1.0000. If the pair breaks below 1.0000 EURUSD can then be
expected to fall toward the next support level 0.99000. If the pair reverses above 1.000 – expect EURUSD to test 1.02000.

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