Forex Signal For EUR/USD: Euro Reaches 20-Year Low
Forex Signal For EUR/USD: Euro Reaches 20-Year Low
The EUR/USD pair will likely turn bearish and drop to a 20-year low of 1,0280.
Bear Market view
- Sell EUR/USD and set a profit from 1,0280.
- Add stop loss at 1,0500.
- Timeline: 1-3 days.
Forex Signal For EUR/USD: Euro Reaches 20-Year Low
Bull Market look
- Buy for 1,040 and set a profit for 1,0515.
- Add stop loss to 1,0345.
Last week, the EUR/USD made a significant break to 1,0350, its lowest level since 2017, as the European economy weakened and investors focused on the cultured greenback in general.
A slight drop below this level would push the pair to its lowest level since 2002.
You may also be interested in: