EurUsd is failing and failing and failing again

2022年9月5日

Since the drop under parity and the low made on 22 August, EurUsd tried to reconquer parity and failed on 5 occasions, the last one being last week WITH even with a worse than expected NFP, the pair couldn't stay above.
This is a clear indication to me of the weakness of Eur and the high probability of down continuation.
Technically we have a large band of resistance above parity which expends to 1.01 and rallies against this zone should be sold.
My target remains 0.97.

Best regards

Mihai Iacob