EUR/USD could still visit 1.0340, the 2017 low. A break below here would clear the way for a return to parity, economists at TD Securities report.
EUR/USD to face a correlation drag from USD/CHF’s push to parity
“The latest push below 1.05 in EUR/USD puts multi-year 1.0341 in the cross-hairs. A break of this level will open a return to parity, a condition that was last observed roughly 20 years ago.“
“EUR/USD could continue to face a correlation drag from USD/CHF’s push to parity as well.”