Forex Signal For EUR/USD: Parity Is Likely to Recover Ahead of Fed Decision
Forex Signal For EUR/USD: Parity Is Likely to Recover Ahead of Fed Decision
The
EUR/USD and EU bond yields fell in Euros because their statements sounded a little bit like pigeons.
Bull Market Outlook
- Buy the EUR/USD pair and take a profit at 1,0100.
- Add a stop-loss at 0,9850.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Parity Is Likely to Recover Ahead of Fed Decision
Bear Market Outlook
- Set a sell stop at 0,9950 and a take profit at 0,9850.
- Add a stop-loss at 1.0100.
EUR/USD fell slightly to 0,9965, lower than last week's high of 1,0095, after the ECB 's latest rate decision and strong US PCE data.
The price remained roughly 4,47% above the October low.
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