Forex Signal EUR/USD: The Pair Unrecoverable Ahead of US Consumer Confidence Data
Forex Signal EUR/USD: The Pair Unrecoverable Ahead of US Consumer Confidence Data
Bear Market Outlook
- Sell the EUR/USD pair and take a profit at 0,9500.
- Add a stop-loss at 0,9725.
- Timetable: 1-2 days.
Forex Signal EUR/USD: The Pair Unrecoverable Ahead of US Consumer Confidence Data
Bull Market Outlook
- Set a buy stop at 0,9700 and a take profit at 0,9800.
- Add a stop-loss at 0,9600.
The EUR/USD price remained under pressure despite a hawkish statement from the European Central Bank's (ECB) Christine Lagarde, dropping to a decades-low 0,9560, roughly 15,1% below where it started the year.
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