Forex Signal For EUR/USD: Selling Intensifies.
Forex Signal For EUR/USD: Selling Intensifies.
EUR/USD is likely to continue lower as long as sellers aim the next key support at 0,9850.
Bear Market Outlook
- Sell EUR/USD and take a profit at 0,9850.
- Add a stop-loss at 1,0035.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Selling Intensifies.
Bull Market Outlook
- Set a buy stop at 1,0025 and a take profit at 1,0095.
- Add a stop-loss at 0,9950.
The EUR/USD price continued its downward trend after a series of hawkish statements by the European Central Bank (ECB) and Federal Reserve officials and dropped to 0,9963, just below last week's high of 1,0095.
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