EUR/USD Forex Signal: Another Drop to Parity Highly Likely

Bearish view

  • Set a sell-stop at 1.0100 and a take-profit at 1.000.
  • Add a stop-loss at 1.0200.
  • Timeline: 1 day.

Bullish view

  • Set a buy-stop at 1.0225 and a take-profit at 1.0280.
  • Add a stop-loss at 1.0050.

The EUR/USD price rose sharply after the hawkish interest rate decision by the Federal Reserve. The pair rose to a high of 1.0210, which was the highest point since Tuesday. The price is about 1.40% below the highest level last week.

Ethan Andrews

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