Forex Signal for EUR/USD: ECB Driven Intact Bearish Trend
Forex Signal for EUR/USD: ECB Driven Intact Bearish Trend
Awaiting the ECB decision, the pair will likely remain in the current range for a while.
Bear Market Outlook
- To take a profit at 1,1740 (S1 of the standard pivot point), add add EUR/USD and enter the sell.
- Add a stop-loss at 1,1850.
- Timetable: 1-2 days.
Forex Signal for EUR/USD: ECB Driven Intact Bearish Trend
Bull Market Outlook
- Set a buy-stop at 1,1825 and a take profit at 1,1900.
- Add a stop-loss at 1,1770.
EUR/USD was little changed in the Asian session as it is expected to weigh the strong recovery in the US and the upcoming European Central Bank (ECB) decision. The pair continues to trade at 1,1805, where it closed last week.
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