EUR/USD Price Analysis

In less than a quarter, the U.S. dollar managed to reach parity with the euro for the second time. Unlike the previous time, where one euro traded for one dollar, the pair managed to confirm the breakthrough. This sell-off means that the bets for a more hawkish FED after the Jackson Hole symposium are on the rise. If the bears continue to dominate the market, then the pair will most likely target the support at 0.975 coming from the higher time frames. . The bulls, on the other hand, will have the difficult task to overcoming the resistance at 1.000 and then the next one at 1.011, if they are to have any chance of reversing the sell-off.