Forex Signal For EUR/USD: Looks Ready For A New Breakout to 0,9800.
Forex Signal For EUR/USD: Looks Ready For A New Breakout to 0,9800.
The
EUR/USD pair has been moving sideways for the past few days.
Bear Market Outlook
- Sell the EUR/USD pair and take a profit at 0,9840.
- Add a stop-loss at 0,9975.
- Timeline: 1 day.
Forex Signal For EUR/USD: Looks Ready For A New Breakout to 0,9800.
Bull Market Outlook
- Set a buy stop at 0,9965 and a take profit at 1,0050.
- Add a stop-loss at 0,9900.
While the EUR/USD price fell to its lowest level in more than two decades as concerns over the European economy persisted, it fell to 0,9877, below last week's high of 1,0035 as the divergence between the EU and the US continued.
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