Forex Signal For EUR/USD: Indicates Drop To 1,1600.
Forex Signal For EUR/USD: Indicates Drop To 1,1600.
The pair will likely continue its downtrend as the Bear Market targets the key support at 1,1600.
Bear Market Outlook
Sell EUR/USD and set take profit at 1,1600
Add a stop-loss at 1,1800.
Timetable: 1-2 days.
Forex Signal For EUR/USD: Indicates Drop To 1,1600.
Bull Market Outlook
Set a buy-stop at 1,1762 and a take profit at 1,1850
Add a stop-loss at 1,1650.
The EUR/USD pair declined during the American and Asian sessions as traders reflected on the latest US retail sales and manufacturing and industrial output figures. The pair also fell after Federal Reserve chief Jerome Powell's statement.