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Forex Signal For EUR/USD: US Inflation Data Puts Euro in Trouble

Forex Signal For EUR/USD: US Inflation Data Puts Euro in Trouble Forex Signal For EUR/USD: US Inflation Data Puts Euro in Trouble

Forex Signal For EUR/USD: US Inflation Data Puts Euro in Trouble
Yazar: Ross Sutton

Yayınlanma: 13 Temmuz 2022 18:47

Güncellenme: 12 Kasım 2024 06:57

Forex Signal For EUR/USD: US Inflation Data Puts Euro in Trouble

    Forex Signal For EUR/USD: US Inflation Data Puts Euro in Trouble The pair will likely continue to decline if sellers target the next key support at 0,9950.  

Bear Market Outlook

 
  • Sell ​​the EUR/USD pair and take a profit at 0,9950.
  • Add a stop-loss at 1,050.
  • Timetable: 1 day.
 

Forex Signal For EUR/USD: US Inflation Data Puts Euro in Trouble

Bull Market View

 
  • Set a buy stop at 1,0100 and a take profit at 1,0150.
  • Add a stop-loss at 1,000.
The EUR/USD price has dropped to the same level as investors continue to worry about the European economy and also ahead of the upcoming US consumer inflation data. With a drop of over 12% in 2022, it was one of the worst years for the euro in decades.   eurusd_crispus_130722  

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