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Citi See 80% Chance of EUR/USD Visiting Parity in Near-Term

EUR

On today's EUR/USD price action, Citi write that they now think the probability of EURUSD falling to parity in the near term is around 80%.

  • They add that unless NatGas prices manage to stage a strong reversal to the downside, it is very difficult to see pressures abating for now.
  • They see the break below 1.0341 as significant and likely to add more downside momentum. They now expect further selling by fast money/leveraged accounts.

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