Forex Signal For EUR/USD: Reached the Top of a Big Bearish Breakout
Forex Signal For EUR/USD: Reached the Top of a Big Bearish Breakout
The focus is on the Federal Reserve, which will wrap up its two-day meeting on Wednesday.
Bear Market Outlook
- Sell the EUR/USD pair and take a profit at 0,9900.
- Add a stop-loss at 1,0050.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Reached the Top of a Big Bearish Breakout
Bull Market Outlook
- Set a buy stop at 1,0010 and a take profit at 1,0100.
- Add a stop-loss at 0,9950.
The EUR/USD price moved sideways during the American and Asian sessions following Christine Lagarde's hawkish statement, while the market consolidated as the market awaited the upcoming Federal Reserve rate decision.
It was trading at 0,9963, down from last Friday's high of 1,0052.
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