Forex Signal For EUR/USD: Trend Is Giving More Bearish Signals
Forex Signal For EUR/USD: Trend Is Giving More Bearish Signals
The
EUR/USD pair found strong resistance as investors refocused on the European Central Bank (ECB) decision and US consumer inflation data.
Bear Market Outlook
- Sell the EUR/USD pair and take a profit at 1,0627.
- Add a stop-loss at 1,0791.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Trend Is Giving More Bearish Signals
Bull Market Outlook
- Set a buy-stop at 1,0746 and add a profit at 1,0800.
- Add a stop-loss at 1,0675.
EUR/USD is trading at 1,0697, just below last week's high of 1,0787, as investors refocus on the European Central Bank's (ECB) decision and US consumer inflation data as the EUR/USD pair finds strong resistance.
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