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Forex Signal For EUR/USD: Bearish Trend Has More Space to Work

Forex Signal For EUR/USD: Bearish Trend Has More Space to Work Forex Signal For EUR/USD: Bearish Trend Has More Space to Work

Forex Signal For EUR/USD: Bearish Trend Has More Space to Work
Yazar: Ross Sutton

Yayınlanma: 11 Ekim 2022 14:28

Güncellenme: 12 Mayıs 2024 00:41

Forex Signal For EUR/USD: Bearish Trend Has More Space to Work

      Forex Signal For EUR/USD: Bearish Trend Has More Space to Work   EUR/USD price continued its downtrend as hopes for a more hawkish Federal Reserve remained. Fed Vice Chairman Lael Brainard warned that it will take time for the bank to lower inflation.  

Bear Market Outlook

 
  • Sell ​​the EUR/USD pair and take a profit at 0,9600.
  • Add a stop-loss at 0,9750.
  • Timetable: 1-2 days.
 

Forex Signal For EUR/USD: Bearish Trend Has More Space to Work

 

Bull Market View

 
  • Set a buy stop at 0,9750 and a take profit at 0,9850.
  • Add a stop-loss at 0,9650.
  EUR/USD price is in a strong downtrend while the strength of the US dollar continues. It fell to 0,9700, the lowest level since September 29. The pair is down more than 3% from this month's high.   eurusd_11102022_cryspus  

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