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Forex Signal For EUR/USD: Negativity Expected to Increase Amid Increasing EU Recession Risks.

Forex Signal For EUR/USD: Negativity Expected to Increase Amid Increasing EU Recession Risks. Forex Signal For EUR/USD: Negativity Expected

Forex Signal For EUR/USD: Negativity Expected to Increase Amid Increasing EU Recession Risks.
Yazar: Ross Sutton

Yayınlanma: 5 Eylül 2022 17:24

Güncellenme: 23 Kasım 2024 16:36

Forex Signal For EUR/USD: Negativity Expected to Increase Amid Increasing EU Recession Risks.

    Forex Signal For EUR/USD: Negativity Expected to Increase Amid Increasing EU Recession Risks.   The EUR/USD price is expected to react to the latest service PMI data from European countries. Economists expect service production to decline during the month.  

Bear Market Outlook

 
  • Sell ​​the EUR/USD pair and take a profit at 0,9850.
  • Add a stop-loss at 1,0050.
  • Timetable: 1-2 days.
 

Forex Signal For EUR/USD: Negativity Expected to Increase Amid Increasing EU Recession Risks.

 

Bull Market Outlook

 
  • Set a buy stop at 1,0045 and a take profit at 1,010.
  • Add a stop-loss at 0,9950.
The EUR/USD exchange rate came under further selling pressure on Monday morning and fell to 0,9950 as Europe's economic situation worsened after Russia announced the indefinite shutdown of the Nord Stream 1 pipeline.   eurusd_05092022_cryspus  

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