Forex Signal For EUR/USD: A Rebound Adjustment Pending To Break To Key Resistance Level.
Forex Signal For EUR/USD: A Rebound Adjustment Pending To Break To Key Resistance Level.
Still, the ECB 's biggest challenge is that most analysts expect the European economy to worsen in the coming months as energy prices rise.
Bear Market Outlook
- Take a sell stop at 0,9730 and a profit at 0,9600.
- Add a stop-loss at 1,000.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: A Rebound Adjustment Pending To Break To Key Resistance Level.
Bull Market Outlook
- Set a buy stop at 0,9876 and a take profit at 1,0050.
- Add a stop-loss at 0,9700.
EUR/USD price modestly rebounded from a two-year low in the last part of the week as investors bought the dip, while the pair climbed to 0,9852 on Friday.
This is much higher than last week's low of 0,9537. In total, the euro fell more than 6% in the third quarter of the year.
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