Forex Signal For EUR/USD: Bearish Amid Fed Pressure!
Forex Signal For EUR/USD: Bearish Amid Fed Pressure!
The lowest resistance for the pair is on the downside!
Bear Market Outlook
- Sell the EUR/USD pair to take a profit at 1,1700.
- Add a stop-loss at 1,1840.
- Timetable: 1-2 days.
Bull Market Outlook
- Set a buy-stop at 1,1800.
- Set a profit at 1,1870 and a stop-loss at 1,1750.
The EUR/USD pair fell to its lowest levels since April 2021, following the strong US Consumer Price Index (CPI) data released. It is trading at 1,1785, about 0.80 % below last week's high.
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