Forex Signal For EUR/USD: Negativity Rises Amid More False Fed Signs.
Forex Signal For EUR/USD: Negativity Rises Amid More False Fed Signs.
The next key catalyst for the pair is expected to be the latest producer price index (PPI) data.
Bear Market Outlook
- Sell the EUR/USD pair and take a profit at 0,9850.
- Add a stop-loss at 1,0095.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Negativity Rises Amid More False Fed Signs.
Bull Market Outlook
- Set a buy stop at 1,0045 and a take profit at 1,0135.
- Add a stop-loss at 0,9950.
EUR/USD fell to 0,9995 in the overnight session, its lowest level since Sept. 8 as the market reflected strong US consumer inflation data.
The price was also about 2% below this week's high.
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