Forex Signal For EUR/USD: Possible Major Reversal Expected Amid Fed Contraction Speech.
Forex Signal For EUR/USD: Possible Major Reversal Expected Amid Fed Contraction Speech.
EUR/USD is likely to bounce back on Tuesday.
Bull Market Outlook
- Buy EUR/USD and arrange to take a profit at 1,1830.
- Add a stop-loss at 1,1700.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Possible Major Reversal Expected Amid Fed Contraction Speech.
Bear Market Outlook
- Set a sell-stop at 1,1750 and take profit at 1,1650.
- Add a stop-loss at 1,1850.
EUR/USD fell in the night session after the Wall Street Journal reported that the Federal Reserve is considering reducing its monthly asset purchases. The pair dropped to 1,1770, slightly lower than Friday's high of 1,1805.
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