Forex Signal For EUR/USD: Eurozone Parity Prior to GDP Data
Forex Signal For EUR/USD: Eurozone Parity Prior to GDP Data
The path trend with the least resistance for the pair is down.
Bear Market Outlook
- Sell the EUR/USD pair and set a take profit at 1,1250.
- Add a stop-loss at 1,1360.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Eurozone Parity Prior to GDP Data
Bull Market Outlook
- Set a buy-stop at 1,1320 and a take profit at 1,1400.
- Add a stop-loss at 1,1250.
The EUR/USD pair fell sharply in the night session after Christine Lagarde's re-talk on ECB policy and traded at 1,1306, its lowest level since February 3rd.
It's down more than 1,60% from this week's high.
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