Forex Signal For EUR/USD: The Euro, the EU and the United States Are Lowering In Front Of Flash PMIs
Forex Signal For EUR/USD: The Euro, the EU and the United States Are Lowering In Front Of Flash PMIs
Parity will likely continue to decline as bears target the next lock support at 1,080.
Bear Market Outlook
- Sell EUR/USD and earn a 1,050 basis point profit.
- Add a stop-loss to 1,1070.
- Timeline: 1-2 days.
Forex Signal For EUR/USD: The Euro, the EU and the United States Are Lowering In Front Of Flash PMIs
Bull Market View
- One buy-stop on 1,1035 and a profit on 1,1100.
- Add a stop-loss to 1,0920.
As investors review the FED’s statement and assume the PMI position for upcoming flash manufacturing and services, the euro/dollar pair is coming under pressure at 1,100 at a little less than this week’s peak of 1,1070.
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