EUR/USD Price Analysis: The hunt for parity

• EUR/USD pushes higher and already surpasses the 0.9900 mark.
• Extra gains now target the key barrier at the parity zone.

EUR/USD advances further and breaks above the key 0.9900 hurdle on turnaround Tuesday.

Considering the ongoing strong rebound, further upside should remain on the table and with the immediate hurdle now at the psychological parity level. Beyond the latter, there is a temporary resistance at the 55-day SMA, today at 1.0033.

In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0639.

EUR/USD daily chart