Forex Signal For EUR/USD: ECB and Fed Deviation Signal Weakness Showing.
Forex Signal For EUR/USD: ECB and Fed Deviation Signal Weakness Showing.
The pair will continue to decline in the near term as investors price the difference between the Fed and the ECB.
Bear Market Outlook
- Sell EUR/USD and set to take a profit at 1,1200.
- Add a stop-loss at 1,1350.
- Duration: 1-2 days.
Forex Signal For EUR/USD: ECB and Fed Deviation Signal Weakness Showing.
Bull Market Outlook
- Set a buy-stop at 1,1300 and a take profit at 1,1400.
- Add a stop loss at 1,1200.
The EUR/USD pair also slumped after some European countries announced new Covid restrictions as the number of cases rose, slumping to the lowest level in more than a year as the US dollar continued its upward momentum. It is trading at 1,1280, slightly above last week's low of 1,1250.
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