- EUR/USD reverses course and sinks into the parity zone.
- Loss of that level could expose the all-time low at 0.9863.
The EUR/USD reverses sharply from recent advance and drops quickly to revisit near parity psychological level on Tuesday.
The continuation of the pullback threatens to break that important containment zone and pave the way for a potential challenge of the 2022 low at 0.9863 (Sep 6).
Longer term, the bearish view on the pair is expected to prevail as long as it trades below the 200-day SMA at 1.0748.
EUR/USD daily chart
Technical levels
Source: Fx Street
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