EUR/USD Price Analysis: Next on the upside comes 1.0100

EUR/USD comes under renewed downside pressure well below parity.
The resumption of the bid bias targets the October top near 1.0100.

EUR/USD extends the corrective downside to the 0.9930/25 band on Friday.

In case bulls regain the upper hand, the surpass of the 1.0100 zone could spark a more serious recovery in the short-term horizon. That said, the immediate barrier is now expected at the September top at 1.0197 (September 12) ahead of the August peak at 1.0368 (August 10).

In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0502.

EUR/USD daily chart

Oct 28, 2022

EUR/USD to trade at parity by year-end – ABN Amro

EUR/USD has come above parity. Still, economists at ABN Amro expect the pair to end the year at 1.00. Euro to remain under pressure versus the US doll

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USD Index to challenge the top end of its recent trading range of 110-115 – HSBC

The USD has long led from the front and has not yet hit the “wall.” Economists at HSBC expect the US Dollar Index (DXY) to test the 115 level. Fed to

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