Forex Signal For EUR/USD: More Weakness Before Big Rally
Forex Signal For EUR/USD: More Weakness Before Big Rally
The pair is likely to continue its uptrend later this week as it maintains its bearish momentum.
Bear Market Outlook
- Sell the EUR/USD pair and take a profit at 1,1800.
- Add a stop-loss at 1,1900.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: More Weakness Before Big Rally
Bull Market Outlook
- Set a buy-stop at 1,1880 and add a take profit at 1,1950.
- Add a stop-loss at 1,1800.
EUR/USD price fell sharply after relatively weak German sentiment data. The pair was lower during the European, American and Asian sessions, but is currently hovering at this month's low.
It's down more than 0,55 from this month's high.
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