Forex Signal For EUR/USD: Bearish Under 1,1500.
Forex Signal For EUR/USD: Bearish Under 1,1500.
The pair is likely to continue its downtrend as the bears attempt to move below the support at 1,1500.
Bear Market Outlook
- Set a sell-stop at 1,1528 and a take-profit at 1,1400.
- Add a stop-loss at 1,1600.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Bearish Under 1,1500.
Bull Market Outlook
- Set a buy-stop at 1,1600 and a take profit at 1,1700.
- Add a stop-loss at 1,1500.
EUR/USD struggled to find direction Monday morning as investors reflected the latest Fed rate decision and relatively strong US jobs data. The pair is trading at 1,1570, slightly above last Friday's low of 1,1513.
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