Forex Signal For EUR/USD: No End of Sale.
Forex Signal For EUR/USD: No End of Sale.
The pair will likely continue to decline as the bears target third support at 1,1220.
Bear Market Outlook
- Sell EUR/USD and set a take profit at 1,1220 (S3).
- Add a stop loss at 1,1450.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: No End of Sale.
Bull Market Outlook
- Set a buy-stop at 1,1385 and a take profit at 1,1450.
- Add a stop-loss at 1,1300.
EUR/USD sales picked up overnight as the market reacted to strong economic data from the US, signaling the economy is doing relatively well, which could force the Fed to tighten faster than expected. The pair dropped to a multi-month low of 1,1330, which is about 3% below this month's high.
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