Forex Signal For EUR/USD: Euro Under Pressure as Selling Increases.
Forex Signal For EUR/USD: Euro Under Pressure as Selling Increases.
The pair will likely continue to outpace the latest US NFP data.
Bear Market Outlook
- Sell the EUR/USD pair and set to take profit at 1,1050.
- Add a stop-loss at 1,1250.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Euro Under Pressure as Selling Increases.
Bull Market Outlook
- Set a buy-stop at 1,1175 and a take profit at 1,1250.
- Add a stop-loss at 1,1100.
EUR/USD is trading around 3% below this year's high of 1,1150, its lowest since June 3, 2020, as investors weigh the diverging performance of the eurozone and US economies.
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