Forex Signal For EUR/USD: Fed Focuses on US Consumer Confidence.
Forex Signal For EUR/USD: Fed Focuses on US Consumer Confidence.
The pair will likely continue to decline as the Bear Market targets the next key support level at 1,1240.
Bear Market View
- Sell the EUR/USD pair and set a take profit at 1,1240.
- Add a stop-loss at 1,1400.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Fed Focuses on US Consumer Confidence.
Bull Market View
- Set a buy-stop at 1,1350 and set a take profit at 1,1400.
- Add a stop-loss at 1,1300.
The EUR/USD pair traded at 1,1315 ahead of US consumer confidence data to be released later today as investors reflect the latest economic data and escalating tensions between Russia and western countries.
You may also be interested in: