Forex Signal For EUR/USD: Euro Expected to Retest 0,9957 as USD Rebound.
Forex Signal For EUR/USD: Euro Expected to Retest 0,9957 as USD Rebound.
A move above the resistance at 1,0183 will invalidate any bearish outlook.
Bear Market Outlook
- Sell the EUR/USD pair and take a profit at 0,9957.
- Add a stop-loss at 1,0163.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Euro Expected to Retest 0,9957 as USD Rebound.
Bull Market Outlook
- Set a buy stop at 1,0150 and a take profit at 1,0250.
- Add a stop-loss at 1,000.
The EUR/USD price continued to slide as a more hawkish Federal Reserve concern pushed the US dollar to a multi-week high, slumping ahead of the Jackson Hole Symposium as risks in the financial market escalated.
It fell to 1,0050, the lowest level since July 15.
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