Forex Signal For EUR/USD: Parity to Stay Bound in Narrow Range Ahead of US CPIs
Forex Signal For EUR/USD: Parity to Stay Bound in Narrow Range Ahead of US CPIs
The pair will likely stay in the current range and then continue its downward trend after the US jobs data.
Bear Market Outlook
- Set a sell-stop at 1,0130 and a take profit at 1,0045.
- Add a stop-loss at 1,0235.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Parity to Stay Bound in Narrow Range Ahead of US CPIs
Bull Market Outlook
- Set a buy stop at 1,0225 and a take profit at 1,0300.
- Add a stop-loss at 1,0125.
The
EUR/USD currency pair came under intense pressure after strong American employment numbers signaled further tightening by the Federal Reserve, while it fell to 1,0160, just under last week's high of 1,0300.
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