EUR/USD Price Analysis: Extra gains need to surpass the parity zone

• EUR/USD reverses the recent weakness and regains 0.9900 and above.
• Next on the upside comes the parity level ahead of 1.0093.

EUR/USD manages to rebound from the 0.9870 region and reclaims the area above the 0.9900 yardstick on Tuesday.

The continuation of the rebound should initially target the parity level. Once cleared, then the pair could dispute the October high at 1.0093 (October 27) ahead of the September peak at 1.0197 (September 12).

In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0488.

EUR/USD daily chart