Forex Signal For EUR/USD: Another Drop In The Pair Can't Be Neglected
Forex Signal For EUR/USD: Another Drop In The Pair Can't Be Neglected
The pair will likely continue to decline as long as the sellers target the second support at 1,005.
Bear Market Outlook
- Sell the EUR/USD pair and take a profit at 1,005.
- Add a stop-loss at 1,0245.
- Timeline: 1 day.
Forex Signal For EUR/USD: Another Drop In The Pair Can't Be Neglected
Bull Market Outlook
- Set a buy stop at 1,0240 and a buy price at 1,0365.
- Add a stop-loss at 1,0150.
The EUR/USD price fell sharply to 1,0155, its lowest level since August 5th of this year, as risks of further economic trouble in Europe continue to abate. It's down more than 2% from this month's high.
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