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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 Forex Signal For EUR/USD: Parity to Stay Bound in Narrow

Forex Signal For EUR/USD: Parity to Stay Bound in Narrow Range Ahead of US CPIs
Yazar: Ross Sutton

Yayınlanma: 8 Ağustos 2022 13:39

Güncellenme: 18 Kasım 2024 06:48

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.   eurusd-crispus-08082022  

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