Forex Signal For EUR/USD: Health and Safety Points to Reduce Break Before FOMC
Forex Signal For EUR/USD: Health and Safety Points to Reduce Break Before FOMC
Because bears target the next support in 1,0800, it's likely that couples will keep dropping.
Bear Market View
- Sell the EUR/USD pair and earn 1,0800 base points.
- Add a stop-loss to 1,1070.
- Timeline: 1 day
Forex Signal For EUR/USD: Health and Safety Points to Reduce Break Before FOMC
Bull Market View
- Buy-stop 1,1035, adjust profit to 1,1125.
- Add a stop-loss to 1,0870.
The
EUR/USD parity dropped from its top level last week to 1,0940, about 1,65% less than last week's highest level, in advance of upcoming US retail sales and a Federal Reserve decision.
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