Forex Signal For EUR/USD: Stuck at 2-Year Low After Fed's Jumbo Rising.
Forex Signal For EUR/USD: Stuck at 2-Year Low After Fed's Jumbo Rising.
EUR/USD remains bearish after the latest FOMC decision.
Bear Market Outlook
- Sell the EUR/USD pair and take a profit at 0,9700.
- Add a stop-loss at 0,9950.
- Timeline: 1 day.
Forex Signal For EUR/USD: Stuck at 2-Year Low After Fed's Jumbo Rising.
Bull Market Outlook
- Take a buy stop at 0,9895 and a profit at 1,0000.
- Add a stop-loss at 0,9800.
EUR/USD price continued its downtrend after the Fed maintained its hawkish tone and dropped to 0,9815, a two-year low. Lowest point since November 2002.
The pair has fallen more than 13% in the last four days and this year.
You may also be interested in: