Forex Signal For EUR/USD: Still Likely to Drop to 1,1200.
Forex Signal For EUR/USD: Still Likely to Drop to 1,1200.
The pair is likely to continue its downtrend as fears of the Omicron variant persist.
Bear Market Outlook
- Sell the EUR/USD pair and set a take profit at 1,1200.
- Add a stop-loss at 1,1400.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Still Likely to Drop to 1,1200.
Bull Market Outlook
- Set a buy-stop at 1,1310 and a take profit at 1,1400.
- Add a stop-loss at 1,1250.
The EUR/USD pair rallied to 1,1300 on Tuesday morning, which is relatively high from last week's 1,1235 despite continued concerns about the Omicron variant.
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