EUR/USD: Break of 1.0340 to open a return to parity – TDS

Market news

13 May 2022

EUR/USD: Break of 1.0340 to open a return to parity – TDS

EUR/USD could still visit 1.0340, the 2017 low. A break below here would clear the way for a return to parity, economists at TD Securities report.

EUR/USD to face a correlation drag from USD/CHF's push to parity

“The latest push below 1.05 in EUR/USD puts multi-year 1.0341 in the cross-hairs. A break of this level will open a return to parity, a condition that was last observed roughly 20 years ago.“

“EUR/USD could continue to face a correlation drag from USD/CHF's push to parity as well.”

Currencies. Daily history for Friday, May 13, 2022

Commodities. Daily history for Thursday, May 12, 2022

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.