Forex Signal For EUR/USD: Extremely Bearish Ahead of US Data.
Forex Signal For EUR/USD: Extremely Bearish Ahead of US Data.
The pair will likely continue to decline as traders try to break below the key support level at 1,1500.
Bear Market Outlook
- Sell EUR/USD and take a profit at 1,1500.
- Add a stop-loss at 1,1650.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Extremely Bearish Ahead of US Data.
Bull Market Outlook
- Set a buy-stop at 1,1600 and a take profit at 1,1700.
- Add a stop-loss at 1,1700.
While investors are waiting for the closely watched American inflation figures, the
EUR/USD parity continues in a narrow range in the night session, while the pair is trading at the level of 1,1572, which it has been in the last few days.
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