Forex Signal For EUR/USD: Euro Shows Unconvincing Recovery Stage Outlook Ahead of ECB.
Forex Signal For EUR/USD: Euro Shows Unconvincing Recovery Stage Outlook Ahead of ECB.
The
EUR/USD pair has been on a thin and difficult line lately.
Bear Market Outlook
- Sell the EUR/USD pair and take a profit at 0,9900.
- Add a stop-loss at 1,0050.
- Timeline: 1 day.
Forex Signal For EUR/USD: Euro Shows Unconvincing Recovery Stage Outlook Ahead of ECB.
Bull Market Outlook
- Set a buy stop at 1,0030 and a take profit at 1,0100.
- Add a stop-loss at 0,9950.
The EUR/USD price recovered as the market shifted its focus to the European Central Bank's (ECB) upcoming interest rate decision, while the pair climbed above the 1.00 parity level, which is about 1,36% from this week's low.
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