We have seen that the parity recovered somewhat with moderate easing in the dollar. However, as reported by IHS Markit and S&P Global, the fact that the manufacturing PMI data in the Eurozone decreased to 48.4 points in September and revealed that economic activity continues to lose momentum, hindering the recovery efforts in the euro. Technically, the losses may deepen until the 0.9700 support indicated by the Fibonacci 50.0% ret line, when the EURUSD parity, which is heading towards the correction path by breaking the rising wedge, eases below 0.9740. Above, 0.9825 followed by 0.9865 resistances may be in question. 

Support: 0.9740 – 0.9700 – 0.9660
Resistance: 0.9825 – 0.9865 – 0.9900