Forex Signal For EUR/USD: Unable to Prevent Pair from Falling Below 1,1500.
Forex Signal For EUR/USD: Unable to Prevent Pair from Falling Below 1,1500.
The pair will likely continue to decline as the bears try to break below the key support at 1,1500.
Bear Market Outlook
- Sell EUR/USD and set a take profit at 1,1450.
- Add a stop-loss at 1,1625.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Unable to Prevent Pair from Falling Below 1,1500.
Bull Market Outlook
- Set a buy-stop at 1,1600 and a take profit at 1,1700.
- Add a stop-loss at 1,1500.
The EUR/USD pair is trading at 1,1560, significantly lower than last Friday's high of 1,1692 as the market struggles with the market, which is reflected in the relatively strong US inflation data released on Friday.
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