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.
You may also be interested in: