Forex Signal For EUR/USD: Bears Sentiment Amidst Tougher Fed Decisions
Forex Signal For EUR/USD: Bears Sentiment Amidst Tougher Fed Decisions
It will likely keep falling as bears target the lower side of the channel at 1,0980.
Bear Market Outlook
- Sell EUR/USD and take a profit at 1,0975.
- Add a stop-loss at 1,1100.
- Timetable: 1 day.
Forex Signal For EUR/USD: Bears Sentiment Amidst Tougher Fed Decisions
Bull Market Outlook
- Set a buy-stop at 1,1080 and a take profit at 1,1150.
- Add a stop-loss at 1,100.
EUR/USD remains under pressure Monday morning as investors reflect on the latest US non-farm payrolls (NFP) and the ongoing crisis in Ukraine, trading at 1,1050, roughly 1,22% below last week's high.
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