EURUSD - Waiting For Parity

EURUSD remains weak. The strong downward trend is unlikely to change much in the coming days and weeks. Many traders are waiting for the price to reach the magic 1.0. But it is unlikely to happen that quickly. We expect the EURUSD to reach the area around 1.02 first. Before we enter a short trade, we would like to wait for a pullback to the entry zone shown in order to optimize our RRR. If the price reaches 1.02, we should be a little more cautious with further shorts and prepare for a stronger recovery.