Forex Signal For EUR/USD: Euro Expected to Retest 1,0800 Ahead of ECB. (European Central Bank)
Forex Signal For EUR/USD: Euro Expected to Retest 1,0800 Ahead of ECB. (European Central Bank)
There's a chance that the parity will continue its downward trend and re-test the bottom of the descending channel at 1,0800.
Bear Market View
- Sell the EUR/USD pair and set a profit at 1,0800.
- Add a stop-loss at 1,0950.
- Timeline: 1-2 days.
Forex Signal For EUR/USD: Euro Expected to Retest 1,0800 Ahead of ECB (European Central Bank)
Bull Market View
- Set a buy stop at 1,0910 and set a buy-profit at 1,100.
- Add a stop-loss at 1,0850.
As investors look ahead to an interest rate decision by the European Central Bank (ECB), EUR/USD price rise has pushed the rate to a record 1,0877, which is well below the 1,0890s this week.
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