It a bold statement a top Citibank FX technician called for the Eurodollar exchange rate to head to parity and even below. This could remind you of the sovereign debt crisis which started to bubble 2010 across Europe when predictions for parity were also made. However, the euro ended up going on recovery rally. Either way, it’s good for volatility seekers, check out the video below:
Below is the 5 year chart of Eurodollar. Courtesy: Yahoo Finance.