Forex Signal For EUR/USD: No Reduction in Euro Sale
Forex Signal For EUR/USD: No Reduction in Euro Sale
The parity will likely continue to decline ahead of ECB's upcoming interest rate decision
Bear Market View
- Sell the EUR/USD couple and set up an earnings at 1,0700
- Add a stop-loss in 1,0925
- Timeline: One or two days.
Forex Signal For EUR/USD: No Reduction in Euro Sale
Bull Market View
- Take a buy-stop at 1.0860 and a profit at 1.0950.
- Add a stop-loss at 1,0750
The EUR/USD pair fell sharply at 1,0835 from this week's high at 1,0835 on Tuesday and Wednesday morning as traders responded to the latest inflation data from the US.
He is currently focusing on the European Central Bank's (ECB) interest rate decision.
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