Forex Signal For EUR/USD: Back to Old Parity Likely Before EU Inflation Data
Forex Signal For EUR/USD: Back to Old Parity Likely Before EU Inflation Data
The pair will likely react to the Fed's Beige Book, which will be published in the American session. The report, published eight times a year, is expected to provide more information from Fed officials.
Bull Market Outlook
- Buy the EUR/USD pair and take a profit at 1,0000.
- Add a stop-loss at 0,9700.
- Timeline: 1 day.
Forex Signal For EUR/USD: Back to Old Parity Likely Before EU Inflation Data
Bear Market Outlook
- Set a sell-stop at 0,9800 and a take profit at 0,9700.
- Add a stop-loss at 1,000.
EUR/USD rallied on Wednesday morning as investors focused on falling volatility and upcoming European inflation data. This week's low rose above 0,9633 to 0,9850.
You may also be interested in: