Forex Signal For EUR/USD: Bear Market in Control as Euro Drops
Forex Signal For EUR/USD: Bear Market in Control as Euro Drops
The psychological level of 1,1600 tends to be the next key level to watch.
Bear Market Outlook
Sell EUR/USD and set a take profit at 1,1600.
Add a stop-loss at 1,1800.
Timetable: 2-3 days.
Bull Market Outlook
Set a buy-stop at 1,1750 and a take profit at 1,1850.
Add a stop-loss at 1,1650.
The EUR/USD pair fell to its lowest level since November 2020 as Covid-19 risks continued. Investors also reacted to the latest housing statistics and FOMC minutes from the US.