Forex Signal For EUR/USD: The Pair's Fall Should Be Considered.
Forex Signal For EUR/USD: The Pair's Fall Should Be Considered.
It looks like the bear market has taken over and is targeting the 1,00 parity level.
Bear Market View
- Sell EUR/USD and take a profit at 1,000.
- Add a stop-loss at 1,0300.
- Timetable: 1-4 days.
Forex Signal For EUR/USD: The Pair's Fall Should Be Considered.
Bull Market Outlook
- Set a buy stop at 1,0310 and a take profit at 1,0450.
- Add a stop-loss at 1,0200.
The EUR/USD pair fell to its lowest level in more than 20 years as the outlook for the European economy worsened, while the euro fell to 1,0235, its lowest point since 2002.
It has dropped over 4% from its highest point in June this year.
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