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26 Oct 2022

EUR/USD: Holding parity suggests more gains towards 1.03 – Scotiabank

EUR/USD regains parity. The pair could extend its gains towards the 1.03 mark, economists at Scotiabank report.

Regaining parity is a boost for the euro

“Gains yesterday through key trend resistance off the Feb EUR high are holding and what was resistance now becomes key support (0.9935).”

“Note that parity (0.9998) is the 23.6% retracement of the 2022 EUR decline; holding parity suggests more gains towards 1.03 (38.2% retracement at 1.0284).”

See – EUR/USD: Break of 1.00 could trigger quite a sharp short squeeze to 1.02 – ING

Oct 26, 2022

GBP/USD eases from multi-week top, still well bid around mid-1.1500s amid weaker USD

The GBP/USD pair retreats a few pips from a six-week high touched earlier this Wednesday and is trading around mid-1.1500s during the early North Amer
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Oct 26, 2022

USD Index bounces off multi-week lows near 110.00

The dollar remains entrenched in the negative territory on Wednesday, although it manages to rebound from lows in the sub-110.00 area when gauged by t
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