Forex Signal For EUR/USD: Bears Prevailed In The Market.
Forex Signal For EUR/USD: Bears Prevailed In The Market.
Because the bears are winning, the path with the least resistance will be lower, and the next key support level will be 1,0800.
Bear Market View
- Sell EUR/USD and earn 1,0800 base points profit.
- Add a stop-loss to 1,1050.
- Timeline: 1-2 days.
Forex Signal For EUR/USD: Bears Prevailed In The Market.
Bull Market View
- Buy-stop at 1,000 and get a profit at 1,100.
- Add a stop-loss to 1,0900.
With the worsening of economic conditions in the eurozone, the euro/dollar duo reached a record high of 1,0900 overnight — its lowest level since March 14th this year.
The country dropped more than 2,40% from its highest point in March.
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