Forex Signal For EUR/USD: Euro Still is Sensitive
Forex Signal For EUR/USD: Euro Still is Sensitive
The EUR/USD pair also fell after relatively strong new home sales data.
Bear Market Outlook
- Sell the EUR/USD pair and take profit at 0,9425.
- Add a stop-loss at 0,9650.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Euro Still is Sensitive
Bull Market Outlook
- Set a buy stop at 0,9675 and a take profit at 0,9800.
- Add a stop-loss at 0,9550.
As the EUR/USD price continued its downward trend, hopes for a more hawkish Federal Reserve combined with concerns over the European economy fell to a two-year low of 0,9580, roughly 15,8% below where it started the year.
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