Forex Signal For EUR/USD: Looking to Hold Position on a Big Bearish Breakout
Forex Signal For EUR/USD: Looking to Hold Position on a Big Bearish Breakout
A break below the support at 1,0388 will signal that bears have prevailed.
Bear Market View
- Stop selling at 1,0390 and set a profit at 1,0300.
- Add stop loss at 1,0500.
- Timeline: 1-2 days.
Forex Signal For EUR/USD: Looking to Hold Position on a Big Bearish Breakout
Bull Market Look
- Set a buy stop at 1,0471 and get a profit at 1,0550.
- Add a stop loss at 1,0380.
The
EUR/USD parity is sliding slightly, amid continued concerns about the future of the European economy. The parity is trading at 1,0420, a few miles above its lowest level since 2002.
There's talk in the coming weeks that the pair will fall to the parity level.
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