Forex Signal For EUR/USD: Rising US Bond Yields Encourage Negativity.
Forex Signal For EUR/USD: Rising US Bond Yields Encourage Negativity.
The parity will continue to fall over the coming days as the dollar grows stronger. The next level of key support will be 1,0700.
Bear Market Outlook
- Sell the EUR/USD pair and get 1,0700 base points.
- Add a stop-loss to 1,0850.
- Timeline: 1-2 days.
Forex Signal For EUR/USD: Rising US Bond Yields Encourage Negativity.
Bull Market Outlook
- Set a buy-stop on 1,0835 and get a profit on 1,0925.
- Add a stop-loss to 1,0750.
Following the strong housing data in the US and the IMF's warnings about the global economy, the euro/dollar pair is trading at 1,0800 as it approaches its lowest level since 2020. This value remains quite low compared to last week's high of 1,0923.
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