Will the EURUSD test parity in early 2025, or can bulls defend 1.0350?
Check out today’s video for insights, including an update on the US Dollar Index (DXY).
EURUSD is stuck in a range between 1.0350 and 1.0450, and this could persist through New Year’s.
A bullish breakout above 1.0450 on higher time frames could trigger a move to 1.0600.
Alternatively, a sustained break below 1.0350 would likely target parity in early 2025.
I favor a move to parity first, as it could set the stage for a more significant EURUSD bottom later on.
If EURUSD approaches parity, the DXY would likely test the 110.00 region—a longer-term target I’ve anticipated for months.
Both scenarios would help fill weekly imbalances left over from 2022.
With trading conditions expected to remain light into next week, it’s a waiting game as we head into early 2025.
