FX.co ★ EURUSD: Buy points

EURUSD H4 scale

The euro is very weak, falling below parity with the dollar - that's right.

However, there is one argument for the euro - the euro has already fallen low enough for a strategic stop.

The reasons for the fall are expectations from the recession in the EU, in Germany.

But the negative is already heavily priced in.

We are trying to buy on a breakdown from 0.9955, stop 0.9880, profit at least 100 points.