Forex Signal For EUR/USD: Facing Strong Resistance at Euro 1,0600
Forex Signal For EUR/USD: Facing Strong Resistance at Euro 1,0600
The pair will likely continue to decline as the Bear Market targets key support at 1,0450.
Bear Market Outlook
- Sell the EUR/USD pair and take a profit at 1,0450.
- Add a stop-loss at 1,0600.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Facing Strong Resistance at Euro 1,0600
Bull Market View
- Set a buy stop at 1,0550 and a take profit at 1,0610.
- Add a stop-loss at 1,0500.
The EUR/USD pair slumped after Christine Lagarde’s latest hawk statement and weak US consumer inflation data and hit 1.0500, its lowest level since June 23.
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