Forex Signal For EUR/USD: Euro Under Pressure as Recession Risks Increase
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Forex Signal For EUR/USD: Euro Under Pressure as Recession Risks Increase
There is a chance that the pair will continue to decline as the bears target the next key level at 1,0700.
Bear Market Outlook
- Sell the EUR/USD pair and take a profit at 1,0700.
- Add a stop-loss at 1,1050.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Euro Under Pressure as Recession Risks Increase
Bull Market Outlook
- Set a buy-stop at 1,100 and a take profit at 1,1150.
- Add a stop-loss at 1,070.
The EUR/USD pair continued its downtrend in the night session, falling to 1,0815, its lowest level since May 2020, amid increased risk of recession in Europe.
It has dropped over 13% from its highest point in 2021.
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