Forex Signal For EUR/USD: Euro Parity Becomes Reachable Again.
Forex Signal For EUR/USD: Euro Parity Becomes Reachable Again.
The pair will likely continue to decline as long as sellers aim for the next significant level in the pair.
Bear Market Outlook
- Sell the EUR/USD pair and take a profit at 1,000.
- Add a stop-loss at 1,0200.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Euro Parity Becomes Reachable Again.
Bull Market Outlook
- Stop a buy at 1.0170, and set a take profit at 1.0225.
- Add a stop-loss at 1,000.
The EUR/USD price came under intense pressure as investors reacted to the ongoing energy crisis in Europe and the upcoming Fed decision, dropping to 1,01200, the lowest level since July 19th.
This price was significantly below 1,0275 last week's high.
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