Forex Signal For EUR/USD: Bearish Amid ECB, Fed Differentiation.
Forex Signal For EUR/USD: Bearish Amid ECB, Fed Differentiation.
There is a strong possibility that the bears will win in the near term.
Bear Market Outlook
- Sell EUR/USD and set a take profit at 1,1188.
- Add a stop-loss at 1,1350.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Bearish Amid ECB, Fed Differentiation.
Bull Market Outlook
- Set a buy-stop at 1,1320 and a take profit at 1,1400.
- Add a stop-loss at 1,1250.
The EUR/USD pair declined sharply as the US Dollar Index jumped on the first trading day of the year. The pair declined to a low of 1,1290, which was the lowest level since December 29th.
It has fallen by 0,85% from the highest level last week.
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