Forex Signal For EUR/USD: Oversold Possibilities As EU Risks Continue.
Forex Signal For EUR/USD: Oversold Possibilities As EU Risks Continue.
The pair will likely continue to decline as risks to the European economy continue
Bear Market Outlook
- Sell the EUR/USD pair and take a profit at 1,0500.
- Add a stop-loss at 1,0610.
- Timetable: 1 day.
Forex Signal For EUR/USD: Oversold Possibilities As EU Risks Continue.
Bull Market Outlook
- Set a buy-stop at 1,0600 and a take profit at 1,0700.
- Add a stop-loss at 1,0500.
The EUR/USD price slid to a five-year low at 1,0513, significantly below this year's high, as concerns over the Eurozone economy continued.
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