Forex Signal For EUR/USD: Euro To Make A Short New Spring Back To 1,0522
Forex Signal For EUR/USD: Euro To Make A Short New Spring Back To 1,0522
EUR/USD is likely to continue its downtrend ahead of the Fed decision.
Bull Market Outlook
- Buy the EUR/USD pair and take a profit at 1,0522.
- Add a stop-loss at 1,0350.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Euro To Make A Short New Spring Back To 1,0522
Bear Market Outlook
- Take a sell stop at 1,0420 and a profit at 1,0350.
- Add a stop-loss at 1,0500.
Notable EUR/USD sell-off fell to 1.0430, its lowest point since May 17, accelerated by the spread of financial market volatility.
It has been experiencing strong selling since the ECB decision on Thursday last week.
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