Forex Signal For EUR/USD: Downside Pressure Continues on Euro
Forex Signal For EUR/USD: Downside Pressure Continues on Euro
It is likely to continue lower as the bears target the next key support level at 1,0900.
Bear Market Outlook
- Sell EUR/USD pair and earn a profit on 1,0900 basis points.
- Add a stop-loss to 1,1120.
- Timeline: 1-2 days.
Forex Signal For EUR/USD: Downside Pressure Continues on Euro
Bull Market Outlook
- Set stop at 1,1070 and add profit to 1,1150.
- Add a stop-loss to 1,100.
Even as Jerome Powell repeated his distant stance, the euro/dollar duo went missing overnight and fell below last week's high of nearly 1%, processing it in 1,0987, when it had been stalled for several days.
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