Forex Signal For EUR/USD: The Euro Reached the Top of the Bear Market Breakout.
Forex Signal For EUR/USD: The Euro Reached the Top of the Bear Market Breakout.
Since the bears are targeting the next lock support at 1,0700, they will continue to fall into parity.
Bear View Outlook
- Sell EUR/USD pair and profit as 1,0720
- Add a stop-loss to 1,0850.
- Timeline: 1 day
Forex Signal For EUR/USD: The Euro Reached the Top of the Bear Market Breakout.
Bull Market View
- Stop a buy at 1,0840 and get a profit at 1,0900.
- Add a stop-loss to 1,07200.
Due to the market's reflection on the increase in bond yields, the euro/dollar price remained in a tight range on Monday and Tuesday morning, fluctuating after signs of a slowdown in the Chinese economy.
The pair is trading at 1,0778, the 7th March low.
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