Forex Signal For EUR/USD: Bear Market Outlook Ahead of FOMC Decision.
Forex Signal For EUR/USD: Bear Market Outlook Ahead of FOMC Decision.
The pair is likely to break lower before the FOMC decision.
Bear Market Outlook
- Set a sell-stop at 1,1250 and a take-profit at 1,1180.
- Add a stop-loss at 1,1330.
- Timetable: 1 day.
Forex Signal For EUR/USD: Bear Market Outlook Ahead of FOMC Decision.
Bull Market Outlook
- Set a buy-stop at 1,1300 and a take profit at 1,1400.
- Add a stop loss at 1,1200.
The
EUR/USD pair pulled back after the ifo Institute's latest US retail sales figures and relatively weak German GDP forecasts that changed little ahead of the upcoming Federal Reserve rate decision.
It is trading at 1,1280 where it has been for the past few days.
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