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Forex Signal For EUR/USD: Euro Under Pressure as Recession Risks Increase

Forex Signal For EUR/USD: Euro Under Pressure as Recession Risks Increase Forex Signal For EUR/USD: Euro Under Pressure as Recession

Forex Signal For EUR/USD: Euro Under Pressure as Recession Risks Increase
Yazar: Ross Sutton

Yayınlanma: 9 Mart 2022 13:16

Güncellenme: 10 Kasım 2024 09:28

Forex Signal For EUR/USD: Euro Under Pressure as Recession Risks Increase

, , 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.   eurusd-crispus-09032022  

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