Forex Signal For EUR/USD: Appears to Turn C&H Scores More Downside.
Forex Signal For EUR/USD: Appears to Turn C&H Scores More Downside.
The outlook for the pair still remains bearish amid the hawkish Fed and continued difficulties in Europe.
Bear Market View
- Sell the EUR/USD pair and take a profit at 1,0300.
- Add a stop-loss at 1,0522.
- Timetable: 1 day.
Forex Signal For EUR/USD: Appears to Turn C&H Scores More Downside.
Bull Market Outlook
- Set a buy stop at 1,0522 and a take profit at 1,0600.
- Add a stop-loss at 1,035.
The EUR/USD pair rallied in the night session as the European energy crisis escalated and the Fed made its rate decision, climbing sharply to 1,0460 from an intraday low of 1,035.
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