Forex Signal For EUR/USD: Euro Losing Momentum in Reversal.
Forex Signal For EUR/USD: Euro Losing Momentum in Reversal.
The pair will continue to fall as the bears target the main support at 1,055.
Bear Market View
- Sell EUR/USD and take a profit at 1,0550.
- Add a stop-loss at 1,0725.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Euro Losing Momentum in Reversal.
Bull Market Outlook
- Set a buy-stop at 1,0680 and a take profit at 1,0790.
- Add a stop-loss at 1,0600.
The EUR/USD pair continued to slide as the Federal Reserve prepares to begin its quantitative tightening policy and Investors await business numbers from the United States.
It is trading at 1,0643, just below 1,0786 this week's high.
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