Open trading account 
Hi,
The EUR/USD is on its way to hit parity The bigger picture trend is still bearish and the trend started in the summer of 2014 has more to offer us in the long-term. Right now the first major hurdle for EUR/USD is the big psychological number 1.0500. A daily break and close below this figure will be the first warning sign that the bearish trend is ready to resume to the downside.
Time-wise we should be hitting this figure by the end of February as based on my cycle analysis from March onward there is a potential for a sustained rally in EUR/USD but without altering the bearish trend.
all the best,
Daytrader21
The EUR/USD is on its way to hit parity The bigger picture trend is still bearish and the trend started in the summer of 2014 has more to offer us in the long-term. Right now the first major hurdle for EUR/USD is the big psychological number 1.0500. A daily break and close below this figure will be the first warning sign that the bearish trend is ready to resume to the downside.
Time-wise we should be hitting this figure by the end of February as based on my cycle analysis from March onward there is a potential for a sustained rally in EUR/USD but without altering the bearish trend.
all the best,
Daytrader21
