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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 Forex Signal For EUR/USD: Bear Market Ready to Dominate Ahead

Forex Signal For EUR/USD: Bear Market Ready to Dominate Ahead of ADP Data
Yazar: Ross Sutton

Yayınlanma: 6 Ekim 2021 17:54

Güncellenme: 23 Nisan 2024 23:06

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.   eurusd-06102021  

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