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 long as the sellers aim the next key support level at 0,9540.
Bear Market Outlook
- Sell the EUR/USD pair and take profit at 0,9540.
- Add a stop-loss at 0,9900.
- Timetable: 3 days.
Forex Signal For EUR/USD: Extremely Bearish Ahead of US Data
Bull Market Outlook
- Set a buy stop at 0,9800 and a take profit at 1,000.
- Add a stop-loss at 0,9700.
The EUR/USD price continued to drop on Monday morning after the ongoing crisis in Ukraine, with strong American employment figures slipping to 0,9742, the lowest since Sept. 30.
This price was about 2,58% below last week's high.
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