Forex Signal For EUR/USD: Outlook Indicates Bearish Breakout.
Forex Signal For EUR/USD: Outlook Indicates Bearish Breakout.
The pair is likely to enter a downtrend with the next support at 1,1250.
Bear Market Outlook
- Sell EUR/USD and take a profit at 1,1250.
- Add a stop-loss at 1,1400.
- Timetable: 1-3 days.
Forex Signal For EUR/USD: Outlook Indicates Bearish Breakout.
Bull Market Outlook
- Set take profit at 1,1355 and take profit at 1,1400.
- Add a stop-loss at 1,1300.
As traders assess the overall divergence between the Federal Reserve and the European Central Bank (ECB), the EUR/USD pair is in consolidation mode and is trading at 1,1345, roughly below 1,255 last week's high.
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