Forex Signal For EUR/USD: Euro May Rebound as low as 1,0350
Forex Signal For EUR/USD: Euro May Rebound as low as 1,0350
The pair will likely continue to decline as sellers target the third support at 1,0350.
Bear Market Outlook
- Sell the EUR/USD pair and take a profit at 1,0350.
- Add a stop-loss at 1,0500.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Euro May Rebound as low as 1,0350
Bull Market Outlook
- Set a buy stop at 1,0480 and a take profit at 1,0540.
- Add a stop-loss at 1,0380.
EUR/USD fell sharply as continued euro selling gained momentum, dropping to 1,0445, its lowest level since June 16. This price was about 1,5% below this week's high.
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