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.
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