Forex Signal For EUR/USD: Negativity Appears to Increase as Focuses on FOMC Meeting.
Forex Signal For EUR/USD: Negativity Appears to Increase as Focuses on FOMC Meeting.
The outlook for the pair is still bearish and the next key support level to watch is at 1,0400.
Bear Market View
- Sell the EUR/USD pair and take a profit at 1,0400.
- Add a stop-loss at 1,060.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Negativity Appears to Increase as Focuses on FOMC Meeting.
Bull Market Outlook
- Set a buy-stop at 1,0550 and add a take profit at 1,0650.
- Add a stop-loss at 1,0480.
The EUR/USD pair fell sharply as investors reacted to the European Central Bank's (ECB) hawk rate decision and strong US inflation data.
It fell to 1,0475, the lowest level since May 19th.
You may also be interested in: