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13 Mar 2015
EUR/USD: Parity on the way? - Rabobank
FXStreet (Guatemala) - Analysts at Rabobank noted the conditions surrounding the euro and its slide to the dollar towards parity.
Key Quotes:
"The precipitous fall from the 2014 high at 1.3993 to recent low at 1.0495 fuelled market expectations that EUR/USD could weaken to the parity or even lower."
"While we are not trying to catch a falling knife as the downside trend is very well defined, it is worth pointing that the long-term trendline support comes at around 1.00, which should make this psychological level even more difficult to clear."
Key Quotes:
"The precipitous fall from the 2014 high at 1.3993 to recent low at 1.0495 fuelled market expectations that EUR/USD could weaken to the parity or even lower."
"While we are not trying to catch a falling knife as the downside trend is very well defined, it is worth pointing that the long-term trendline support comes at around 1.00, which should make this psychological level even more difficult to clear."