Forex Signal For EUR/USD: Bear Market Ready to Dominate Ahead of ADP Data
Forex Signal For EUR/USD: Bear Market Ready to Dominate Ahead of ADP Data
The pair is likely to continue its downtrend as the bears target the next key support level at 1,1563.
Bear Market Outlook
- Sell EUR/USD and set a take profit at 1,1563.
- Add a stop-loss at 1,1670.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Bear Market Ready to Dominate Ahead of ADP Data
Bull Market Outlook
- Set a buy-stop at 1,1625 and a take profit at 1,1700.
- Add a stop-loss at 1,1550.
EUR/USD has changed little after the latest service PMI figures from the Eurozone and the United States, with the pair rising to 1,1610, slightly higher than 1,1560 last week's low.
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