Forex Signal For EUR/USD: Control in Bearish Market as Bond Yields Rise
Forex Signal For EUR/USD: Control in Bearish Market as Bond Yields Rise
The path of least resistance for the pair is to the downside.
Bear Market Outlook
- Set a sell-stop at 1,1665 and a take-profit at 1,1550.
- Add a stop-loss at 1,1750.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Control in Bearish Market as Bond Yields Rise
Bull Market Outlook
- Set a buy-stop at 1,1700 and a take profit at 1,1800.
- Add a stop-loss at 1,1600.
As global risks continue to rise and US bond yields rise, the
EUR/USD slumped in the overnight session, while the pair fell to 1,1667 after relatively weak US consumer confidence data.
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